• How does refinancing save homeowners money?
    by homemortgage on January 21, 2020 at 7:23 PM

    Question: How does refinancing save homeowners money? There are two categories of refinancing, “rate-and-term” and “cash-out.” Both can save you money. Categories of Refinancing The first type, rate-and-term, replace your existing loan with one that has a […]

  • Condo vs townhome: what’s the difference?
    by homemortgage on January 17, 2020 at 8:31 PM

    What is the difference between Condo vs townhome? Homebuyers opting to buy multifamily style housing (condos, townhomes) do so for reasons that include budget, location, lifestyle, convenience, and the prospect of less maintenance. When considering what type of multifamily home […]

  • Minimum down payment for first-time homebuyers
    by homemortgage on January 17, 2020 at 7:59 PM

    Someone once asked us: With the way the economy has taken a toll on savings accounts, the traditional 20% minimum down payment for first-time homebuyers seems out of reach for many first-time home buyers like myself. Are more first-timers going the route of 5%-15% down payments? […]