Cody

FHA loans are a type of mortgage loan insured by the Federal Housing Administration (FHA), a government agency. These loans are designed to make it easier for first-time homebuyers and those with limited resources to obtain financing for a home. One of the key features of FHA loans is their lower down payment requirement, which

A VA loan is a type of mortgage loan in the United States that is backed by the U.S. Department of Veterans Affairs (VA). These loans are designed specifically to help eligible veterans, active-duty military personnel, and their surviving spouses purchase a home. VA loans offer several advantages to eligible borrowers, including lower interest rates,

When it comes to obtaining a mortgage, there are two main options: working with a mortgage broker or working directly with a bank. Both have their own set of pros and cons, and the best option for you will depend on your individual needs and circumstances. Mortgage brokers are independent professionals who work with multiple

Mortgage points, also known as discount points, are a type of fee that borrowers can choose to pay in order to reduce their mortgage interest rate. One mortgage point is equal to 1% of the total loan amount. For example, if you are borrowing $300,000, one mortgage point would cost $3,000. When you pay mortgage