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What does it mean to lock in mortgage loan, and what happens if rates go down after I lock it in?

What does it mean to lock in mortgage loan, and what happens if rates go down after I lock it in?

by First Home Mortgage | May 5, 2020 | Mortgage

Mortgage interest rates are always changing. Even within 24 hours, mortgage interest rates may move up and down, often more than once. These fluctuations can create frustration for homebuyers who want to know that they’re getting the best possible rate. One tool...
Benefits of Homeownership – Beyond Home Equity

Benefits of Homeownership – Beyond Home Equity

by First Home Mortgage | May 1, 2020 | Home Purchases

Buying a home carries many benefits. Some of these you may know and others you may not. If you’re considering becoming a homeowner, it’s worthwhile to take a closer look at the many potential benefits that come with the home purchase. 1. Home Equity Home...

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