by First Home Mortgage | Jun 16, 2020 | Mortgage
One of the benefits of owning your own home is the chance to build equity. The longer you own a property, the more value it accrues. This happens for two reasons. First, you pay a little bit towards the principal balance every time you pay your mortgage. Second,...
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...
by First Home Mortgage | Mar 30, 2020 | Mortgage
Mortgage rates can be temperamental. The rate the Federal Reserve charges is one of the factors that influence the rate your lender charges you for a mortgage. Not surprisingly, global economic factors come in to play when deciding mortgage rates. The recent...
by First Home Mortgage | Feb 12, 2020 | Mortgage
Second homes and investment properties may sound like the same thing, but they’re not. The subtle differences between these two types of homes can make a big difference, primarily because your lender will base your mortgage on which type of property you’re...
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