Mortgages Guides

Most people think that getting pre-approved is the first step of the homebuying process. But before you talk to mortgage lenders, it’s a good idea to look over your credit reports. If you have errors that are causing your credit score to drop, you may end up paying more than you need to on your […]

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 […]

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 […]

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.

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.

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 […]

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 […]

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 […]

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.

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 […]

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 […]

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 […]

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? […]

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 […]

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 […]

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 […]

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 […]

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, […]

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 […]

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 […]

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.

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. 

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…

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…