Mortgage rates have plummeted this week to levels not seen in over a year, offering borrowers the chance to save thousands of dollars in interest costs over the life of a home loan. So if you’ve been thinking about buying a house or refinancing your existing mortgage to take advantage of […]

Should I buy a new home or a used home? It’s a question confronting all homebuyers. While there are some advantages of buying a new house, a strong case can also be made for purchasing an older property. For buyers who are on the fence between buying a new or […]

WASHINGTON, D.C., USA — Buying a home can be the happiest time in a person’s life. But understanding mortgage loan rates can be highly stressful. Here are answers to some frequently asked questions from The Yi Team of Fairway Independent Mortgage Corp. Q. Should I make extra payments on my mortgage […]

There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are misinformed! Only 25% of the Americans have a FICO® Score between 740 and […]

An installment loan is money you borrow and pay back with fixed payments — or installments — over a period of time, or term. It differs from a revolving line of credit, which you get with a credit card, that lets you borrow funds every time you make a purchase. […]

So, you’ve found a house you love, been approved for a mortgage, and are just waiting to close on your loan. It can sometimes take a few days or even a few weeks to get from this point to your closing date when the transfer of the property takes place. And, […]

Buying a home isn’t like buying a pair of shoes, or even a car. Rather than simply showing up with money, the process of purchasing real estate is a legal transaction as well as a financial transaction, and it takes weeks-if not months-to complete. But, when you find a place […]

Mortgage rates have gone down in recent weeks, giving you an opportunity to refinance your home at an attractive rate, to lower your mortgage costs or tap some of the equity you’ve built up. But while there are plenty of excellent reasons to refi, exchanging your existing home loan for a […]

Mortgages are a lot like cars: Even those who have one don’t always understand what’s going on under the hood. Whether you’re dreaming of your first house or living in your third, mortgages can seem complicated and a little scary. That’s why thousands of people punch mortgage-related questions into their […]

Since transitioning out of the military, I’ve had the, um, “pleasure” of being around a lot more civilians. Some of the questions I’m asked on an annoyingly regular basis are, “Aren’t VA loans awesome? Don’t you get a free house? Did you get yours?” After polling some veterans, I realized […]