father and son playing ball outside their house
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Ultimate Guide to Conventional Mortgage Loans

While finding the right loan for your home purchase can feel overwhelming, a conventional mortgage offers most buyers the clearest path to homeownership. By combining flexibility with competitive rates, a conventional loan is often the most appealing choice for those ready to buy.   In this guide, we’ll help you unravel the ins and outs of…

AmeriSave Mortgage 5/1 ARM Loan
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5/1 ARM vs. 5/6 ARM: Key Differences

With home prices and interest rates remaining high, more home buyers are looking for ways to lower their monthly mortgage payments. That’s where adjustable-rate mortgages (ARMs) come in.   A 5/1 ARM and a 5/6 ARM both start with a fixed interest rate for the first five years, followed by periodic adjustments. But what happens after…

Adjustable-Rate Mortgage concept

What is an Adjustable-Rate Mortgage (ARM) Loan?

An adjustable-rate mortgage (ARM) — sometimes referred to as a “variable rate mortgage” —offers the opportunity to save money through a low introductory interest rate. But it also has the possibility of a higher monthly mortgage payment once that introductory rate ends. If you’re the right kind of home buyer and you understand how to…

Happy family entering their new home after a successful mortgage buydown
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What is a Mortgage Rate Buydown and How Does It Work?

For some prospective homebuyers, rising interest rates might make it feel like the dream of homeownership is slipping away. The good news is that even in a high-rate environment, you have multiple strategies to help you lower your interest rate or the total cost of your loan. One such strategy is the mortgage buydown. Mortgage…

Strategic Home Buying Tips

How to Find Your Dream Home

Achieving homeownership is often the culmination of a long-term goal, possibly tied to aspirations like starting a family. Strong emotional bonds develop with our homes, making it vital not to let emotions dictate the home-buying process. It’s essential to approach this milestone strategically to ensure sound decision-making. Approach Home Buying Strategically Savvy homebuyers strategically navigate…

Person reviewing mortgage loan options

Mortgage Loan Options

Every homebuyer has different needs, especially when it comes to financing especially mortgage loan options. That’s why there’s no one-size-fits-all mortgage solution. In fact, there are various types of home loans, each offering distinct features, requirements, and advantages. Asking, “what type of mortgage is best for me?” is crucial during the home-buying journey. Your lender…

father holding son in new backyard

What is Private Mortgage Insurance (PMI) and is it Required?

You’ve searched and finally found a home to buy. But now, your lender throws you a curveball and requires that you pay for Private Mortgage Insurance (PMI). So, what is PMI exactly? Private mortgage insurance (PMI) protects the lender financially if you stop making payments and default on your home loan. The insurance may be…