Moving resources

Mortgages

When you're ready to purchase a new home, finding the right mortgage can feel daunting. Read our articles, guides, and advice to help you through the process.

What Credit Score Do I Need To Buy A House?

Your credit score is one of the main factors that lenders consider when determining your eligibility for a home loan. That’s why you want to make sure you have a high enough credit score to buy a house. If it’s below-average, they may charge you a high mortgage rate, which could cost you thousands in […]

Read More

How to Increase Your Credit Score Quickly, Before Buying a House

When you consider buying a home and go to secure a mortgage, the interest rate you’re given will determine how much you pay in interest per month and over the life of your loan. Unfortunately, bad credit can make it difficult to get a decent rate, which results in higher costs. If you’re wondering how […]

Read More

What are Home Construction Loans and How Do They Work?

A home construction loan is a short-term loan used for financing a new home build or a real estate project on an existing property. These are often referred to as self-build loans.

Read More

Everything You Need to Know About Paying Off Your Mortgage Early

Paying off a mortgage early is often a much more achievable goal than many think. Making just one extra mortgage payment each year can shorten your loan’s term by four years and save you thousands of dollars.

Read More

Understanding Today’s Mortgage Rates

What are mortgage rates? Your mortgage rate is the amount of interest you’ll pay on your home loan annually. It’s expressed as a percentage of your loan balance. Depending on what type of mortgage you choose, home loan interest rates may stay the same or fluctuate based on market conditions. Several factors go into determining […]

Read More

What Are FHA Loans?

If you’re planning on buying a home soon, you may be wondering what type of mortgage is best for you. FHA loans are a popular choice for first-time homebuyers because they have low minimum down payments and flexible credit score requirements. You may be able to put down as little as 3.5% of your total […]

Read More

How to Calculate Your Debt to Income Ratio

Your debt-to-income ratio is an important measure of your financial health that lenders use to determine your eligibility for loans. If yours is too high, you may have trouble qualifying for loans and credit cards or might get stuck paying a high interest rate. If you’re not familiar with debt-to-income ratios, read on to learn […]

Read More

How to Buy a Foreclosure, Step By Step

Buying a foreclosure can be an affordable option, but it’s important to know the details. Learn how to buy a foreclosed home in 6 steps.

Read More

Everything You Need to Know About Mortgage Refinance

If done correctly, a mortgage refinance can put more money in your pocket by reducing your monthly mortgage payment and lowering your interest rate. Refinancing can even help you cash out the equity in your home, enabling you to invest your money in vital home repairs, college tuition, or other major expenses. But if you […]

Read More

What is Escrow and How Does it Work?

Understanding escrow in real estate During the course of the home buying journey, you’ll eventually come across the term escrow. For many first-time buyers, escrow is a new concept that may be confusing. There are multiple types of escrow accounts that homebuyers will encounter throughout the process, but by the end of this article, you’ll […]

Read More

What are USDA Loans and Do I Qualify?

If you’re moving to a small town or rural area and plan on buying a house, it’s important to explore your mortgage options — including USDA loans. USDA loans come with many benefits, like no down payment, flexible eligibility requirements, and low interest rates. However, they won’t be a good fit for everyone. Read on […]

Read More

How to Get a Mortgage Pre-Approval

Buying a new home is a very exciting experience, but it is has a lot of moving parts. As you search to find the right real estate agent, lender, and home, you may start to wonder if everything will align for you. Will you find the right house? Will you get approved for a mortgage? […]

Read More

Historical Mortgage Rates and What Today’s Rates Mean for Home Affordability

If you’re reading the news these days, articles everywhere are claiming that now is the best time to buy a house. Most of this is due to the fact that mortgage rates are at all-time lows: However, home purchases are down 1.7% from last year, according to the National Association of Realtors. And there are […]

Read More

Reverse Mortgages Explained

As you explore options for buying a house, you may have come across the term “reverse mortgage.” However, you should know that you can’t use a reverse mortgage to buy a house. Instead, you would only ever seek a reverse mortgage if you’ve already owned your home for some time and have built up a […]

Read More

Types of Mortgages

When you find a house that you want to make your home, there are quite a few steps before you get to closing. Enter: mortgages. It’s important that you understand the types of mortgage loans (and your options) before you begin packing. From USDA home loans to FHA and VA home loan rates, we’re laying […]

Read More

How Do I Figure Out My Mortgage Calculation?

Looking for a new home to buy can be exciting and stressful at the same time. Among the full process of packing up, finding a mover, and searching for a home, there’s also some math you’ll need to do upfront to understand your mortgage calculation. In this day and age, it’s important to find a […]

Read More

First-Time Home Buyer Loans

We know how financially intimidating it is to buy your first home. The New York Times reports that the median home price for first-time homebuyers is $182,500, and the National Association of Realtors estimates that, on average, 93% of this purchase price is financed. When you’re signing up for such a large amount of debt, […]

Read More

Calculating an Amortization Schedule for Your Mortgage

A mortgage amortization schedule is a useful tool in determining how fast you’ll pay off your mortgage and how much you’ll end up paying in interest throughout the life of the loan. If you’re a relatively new homeowner, you may be surprised at the size of your loan balance compared to how much you spend […]

Read More

How Much House Can I Afford? 

Few events in life are as exciting as house-hunting, especially if it’s your first time buying a home. Though you may have a dream home in mind, it’s important to stay practical and within the confines of your budget while searching for your new house. Before you even think of scheduling a house tour or […]

Read More

What You Need to Know as a First-Time Homebuyer

MYMOVE is here to tell you that with the right research, planning, and our first-time homebuyer tips, shopping for and purchasing your first home can be an awesome and smooth experience.

Read More

What You Need to Know About Mortgage Calculators

A mortgage calculator is a great pre-move tool to help you figure out how much house you can afford. You can play with variables like mortgage length and interest rate to compare how much your monthly loan payment can change. 

Read More

How to Buy a House in 5 Steps

Many people consider buying a home the biggest purchase they will make in a lifetime. Not only is it a major financial investment, but the…

Read More

MYMOVE’s Mortgage Guide – How to Get a Mortgage and Really Understand Home Loans

Unless you’ve come into newfound wealth, your parents have hooked you up with extra cash flow, or you’ve been a lifelong saver, purchasing…

Read More