Breaking Down Mortgage Closing Costs

Whether you are buying a home or are refinancing, there are fees required to finalize the loan. We lump all these together and call them closing costs. With refinance loans, the closing costs are a bit less because certain elements are missing (such as title fees, home appraisal fees, and other sale-related fees). This article […]

Can I Defer a Mortgage Payment?

Deferring a mortgage payment means that you are postponing or skipping a mortgage payment until a later date. Those that are going through a temporary financial hardship look for ways to pause payments briefly while they get their finances in order.  The financial hardship could be the result of suddenly losing your income or a […]

Mortgage Rates are at an All-Low – Should You Refinance?

With mortgage rates at an all-time low, we’ve been refinancing many home loans, helping our clients to restructure their finances and saving them money in the process. Are you also considering refinancing your current mortgage for the first time? Here are some of the questions get about refinancing.  And remember that we’re always available to […]

Alternatives to Forbearance for Paying Your Mortgage

In our last post, we shared details about the CARES ACT –the new government law that helps to ease the burden of mortgage payments during the Coronavirus. If you missed that post, search our archives to learn more about who qualifies. Although there are many benefits to the CARES ACT, mainly forbearing mortgage payments, it […]

What COVID-19 Could Mean for Your Mortgage Loan

Since the beginning of the COVID-19 global health pandemic, government officials, economic experts, and United States citizens have watched the housing market with close scrutiny.  Still shaken by the 2008 recession, many homeowners are worried about being unable to afford their home loan. Homeowners, real estate investors, and first-time buyers are confused about where to […]

Gift Money for Mortgage Down Payments

You might have heard that you can use a gift as down payment on your house. Is this true? Let’s find out! Consulting with a mortgage expert like First Coast Mortgage can help clear up any other questions you may have after reading this article. Getting a Mortgage Approved A mortgage is a loan acquired to purchase real estate. Lenders require […]

Fixed Rate vs Adjustable Mortgage

Choosing the right type of mortgage can be a difficult decision for many people. Fixed rate mortgages are generally considered to be “better” than adjustable mortgages, but that isn’t always true. In this blog post we will go over the difference between fixed and adjustable mortgage rates, including the pros and cons of each. The […]

Should I Refinance My Mortgage?

The decision to refinance your mortgage is a big one. It’s important that you know all of the reasons why this could be an option for you. The following article will discuss the pros and cons of refinancing. We encourage you to consult with a professional mortgage company like ours to get vital information before making a decision. What […]

15 Year vs 30 Year Mortgage Comparison

Do you know which mortgage term is right for your situation? Borrowers can choose from a 30 year or 15 year mortgage loan, each offering different benefits depending on your needs. Mortgage terms are an important aspect to consider when purchasing a home. The average cost of your monthly mortgage payment will depend on what […]

Things to Avoid When Applying for a Mortgage

Applying for a mortgage can be tough, but it doesn’t have to be. Many first time home buyers make mistakes when applying for mortgage loans that they later regret. In this blog post, we will go over the things you should do before and after applying for a mortgage. If you avoid these common pitfalls, […]