Latest Articles

Understanding the Balloon Mortgage

Even if you think of yourself as a fairly savvy homebuyer that knows all the different terms and mortgage types you may be unfamiliar with what a balloon mortgage is. A balloon mortgage sounds pretty great, just like a happy balloon floating in the area. And in theory, it is great…until it bursts. A balloon […]

What Type of Mortgage Loan Is Best for You?

There are countless mortgage products that each have their own unique qualification requirements, lengths, interest rates, and advantages and disadvantages. There are many niche mortgage products designed for very specific circumstances and there are other products that are designed for the typical homebuyer. Most homebuyers do not even realize how many options there are in […]

What is the Difference Between a Fixed-Rate Mortgage and an Adjustable-Rate Mortgage (ARM)?

There are many different mortgage products available to today’s homebuyer. So many, in fact, that it can sometimes be confusing choosing which one is right for you. Two mortgage types are very popular but also very different – adjustable-rate mortgages (ARMs) and fixed-rate mortgages. While each has their own unique advantages and disadvantages, it is […]