The homebuying process doesn’t have to be a mystery. Learn more about popular topics like mortgage interest rates and closing costs, or find ways to save money by paying your mortgage off early with these homebuying education articles from AmeriSave.

What is an Adjustable-Rate Mortgage?

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 […]

A Guide to Mortgage Buydowns

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 […]

Using Gift Money for a Down Payment on a Home

Saving up tens of thousands of dollars for a down payment can be a daunting challenge, especially if you’re a first-time homebuyer. That’s why a significant monetary gift from a generous family member can be a game changer when you’re working out the finances of buying a home. However, when using gifts for a down […]

Father using computer to make mortgage payment with daughters watching

Practical Tips for Paying Your Mortgage Off Early

Ever wonder what it would be like to own your house free and clear? No mortgage loan. No monthly house payments to a lender. To use the money that’s earmarked for the monthly mortgage payments and put it toward college tuition for the kids, retirement savings or even that European vacation you’ve been dreaming about? […]

Mortgage lender explaining details to customer

Understanding Closing Costs

Welcome to a bright future, one where you’re buying a new home. You can’t wait to grab the keys to your new home. But first – the closing! We’re going to give you the scoop on closing costs and how they work, because nobody wants an unwelcome surprise at the closing table (and because many […]

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