by First Home Mortgage | Aug 26, 2020 | Mortgage
For home buyers struggling to come up with the money for a down payment, loving family members are often considerate enough to give them gifts to help. Gifts can help buyers come up with the big chunk of money they need to buy a home, but there are tax implications...
by First Home Mortgage | Aug 12, 2020 | New Home Financing
As you find a Lender and move closer to closing, one question you will need to answer is whether or not you plan to pay points on your mortgage. Before making this decision, you need to understand what points are and how they affect your mortgage and closing costs....
by First Home Mortgage | Aug 6, 2020 | Mortgage
When mom and dad are ready to downsize or move to a home with less maintenance, you may have the option to buy their home. Doing so can save quite a bit of hassle for both them and you, limiting the need to enter the home selling or buying market. It can also help you...
by First Home Mortgage | Aug 5, 2020 | New Home Financing
An adjustable-rate mortgage, or ARM as they are better known, is a mortgage type that allows the interest rate on the home loan to change. An ARM 5/1 is a type of ARM that locks in an interest rate for the first five years of the loan. After that locked-in period, the...
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