Tag: Financing

Posted on 06/19/2022
Exploring how to finance a home addition
Expanding your home to add value and square footage can be costly, so it’s important to know how to finance a home addition. Just like with buying a home, there are many loan options available to homeowners to fund their projects. Here is a quick guide to the most common options for financing an addition to your home:...
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Posted on 06/20/2021
How Much To Put Down When Building a House
Photo by Karolina Grabowska from Pexels Most people who decide to build a new house plan on financing the construction via one of the multiple financing options available. However, the size of the down payment depends on what type of loan is taken out for the project. The following is a breakdown of what different loan programs commonly...
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Posted on 05/02/2021
Is a Balloon Mortgage Right for You?
Image by Jojje from Shutterstock Many people own homes through a mortgage agreement. Traditional mortgages are primarily fully amortized or gradually paid off with regular payments over the lifetime of the loan. Each payment contributes to both the principal and the interest. A balloon mortgage is a short-term home loan with fixed-rate monthly payments that only take care...
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