You’re on your way toward buying your first home. Maybe you’ve even taken a summer staycation. But you’re still looking for ways to scrape together more cash to buy that new home. If you’re at a loss for more things to do, we’ve got a handy guide to help you maximize every penny in the […]
Your home is one of the most important purchases you’ll make in your lifetime. But paying off a mortgage isn’t like paying down a car, credit card, or student loan. Just like owning a home, it’s complex, and a variety of factors go into determining your monthly payment. Main factors Size, or principal, the amount […]
You’ve made the decision to buy a home, you’ve saved for a down payment, and you’ve been pre-approved by First Option for a mortgage. So what do you do next? What does the approval process look like? Have no fear! Here’s our guide to getting approved for your next big step and getting into your […]
Refinancing your home can be immensely beneficial. Taking advantage of new interest rates can lower your monthly payments, the total amount of interest you owe, and potentially save you thousands of dollars. To do that, however, you need to get a few things just right. Know your goals and value Before you refinance, you need […]
There are roughly 579,000 homes currently in the United States that are either bank-owned or in foreclosure. Some real estate markets can represent an even larger percentage of these homes listed for sale. Aside from the fact that they are readily available, foreclosures can also be a great deal if you willing to put in a […]
Mortgage rates are down for the fourth week running, putting interest rates at lows not seen since May. The going rate on a 15-year mortgage is hovering well below 4%. So should you consider refinancing from a 30-year mortgage to a 15-year mortgage? Here are some questions to consider before you make a decision. How […]
If you own your home, you’re probably very aware of your monthly mortgage payment and its interest rate. Payments on interest can add up to tens of thousands of dollars over the life of your mortgage, and the money you pay on interest does you less good in the long run than what you pay […]
