The U.S. has seen record-low interest rates over the past year-and-a-half. The current low-rate environment results from the government’s attempt to stimulate the economy in wake of the pandemic. As a result, over the past two years, we have witnessed a record-breaking housing market and,...
How Refinancing Works When refinancing your home loan, you pay off the existing mortgage and replace it with a new one. Generally, there are two types of refinances: Rate and term refinance: With this type of refinance, the new loan has a different rate and/or term than...
Sometime around the end of November, a strange phenomenon occurs. The orange and yellow wreaths start coming down while lights, animatronic deer, and inflatable snow globes take their place throughout the neighborhood. Knowingly or otherwise, you’re caught up in the middle of a polite contest...
By Heino Moeller Regular listeners of Heino’s Home Show know that listener questions range from small decisions about renovations to huge concerns about refinancing, forbearance, and monthly mortgage commitments. This week’s listener questions are certainly no different! Second Home with VRBO Income Janet from Spring HIll asks: “I plan...
Our Tennessee mortgage lender team helps all types of people looking to buy a home. This includes those in the military. If you are a veteran, service member or spouse to one, you may qualify for a VA loan. Here is what you need to...
Buying a home is a big financial commitment and one that you really need to think about before you apply for a mortgage. Our Tennessee mortgage lender team knows that being prepared is important in the mortgage process and there are some things that you...
Our Tennessee mortgage lender team knows how important it is to have your finances in order before you buy a home. Having a healthy credit score and history can mean the difference between whether or not you’re able to qualify to buy the home you...
Our Tennessee mortgage lender team often gets asked whether it makes more sense to buy a home or to just rent. It really depends on where you are financially, as well as what your plans are for the near future. If you are planning on...
As a Smyrna mortgage lender team, we give a lot of advice regarding paying mortgages down faster. A mortgage is one of the largest debts that you will be responsible for paying. By paying it off quicker, you are able to save money. We have...
When applying for a mortgage, there is always that choice of picking a mortgage package with a fixed-rate of interest or a variable-rate of interest. As a Smyrna mortgage lender, it's a topic that can cause a bit of confusion. Both have their own benefits...