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Site title: VA Loans, Mortgages & Home Loans | The Federal Savings Bank
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Mortgage rates move frequently. If you’re getting close to buying a home, or you just closed and rates are perhaps ticking down, it makes sense to wonder what that means for you.
The short version: If you have a fixed-rate mortgage, your mortgage doesn’t change on its own once you’ve closed. But there’s more to consider here, especially before you assume you made a cos...
Veterans Affairs (VA) refinances can potentially lower a monthly payment, shorten a loan term, or move a loan out of an adjustable rate and into something more predictable. But before a lender can move forward with a VA refinance, the new loan has to clear a specific hurdle: the net tangible benefit test.
If you already have a VA loan and you are looking at a refinance...
Closing day feels like the finish line of the homebuying process. Then, a few weeks or months later, a letter shows up from a company you have never heard of, telling you where to send your next mortgage payment.
Congratulations, you have just met your mortgage servicer.
This company might not be the one that approved your loan, and that is actually a normal par...
Making an offer on a home comes with plenty more decisions than just the price. If you’re buying in a market where more than one buyer might be interested in the same house, you may have come across the idea of a letter to seller, sometimes called a letter to seller from buyer, a buyer letter to seller, or simply a home offer letter.
The idea sounds simple. Introduce...
Whether you are deployed or assigned to a base outside the United States, buying a home in the U.S. while overseas may potentially be an option. The process can take some extra planning and certain paperwork, but distance on its own does not necessarily take a purchase off the table.
This article looks at how a