How Do VA Mortgage Loans Work?​

How Do VA Mortgage Loans Work? A VA Loan is a type of loan guaranteed by the U.S. Department of Veteran Affairs. This type of loan isn’t directly made by the government, but the fact that it is backed by a government agency gives a lot of confidence to the lender and the applicant. As a result, […]

Conventional Loans and FHA Loans. What Are they? How Do They Work?​

Conventional Loans and FHA Loans. What Are they? How Do They Work? Do you know that, in America, there are 8 different types of basic mortgage loans? we have Conventional Mortgage loans, Interest-Only Mortgages, Adjustable rates Mortgages, FHA Loans, VA Loans, Combo loans, Balloon loans, and Jumbo loans. Today, we’re gonna focus on Conventional Mortgage loans and FHA […]

Refinancing Loans, What Are They?​

Refinancing Loans, What Are They? Refinancing a mortgage means taking a new loan to pay off the existing mortgage loan. Ideally, the new loan should include better terms or features that will boost your finances and make the whole process worthwhile.  In some instances, homeowners refinance to take advantage of lower market interest rates, to […]