A mortgage rate buydown, or ‘buydown’ for short, is when a borrower pays more money upfront to secure a more manageable, lower interest rate for the first few year(s) of their mortgage. For example, in a 3-2-1 buydown, a homeowner [...]
As scams are on the rise, it is increasingly important to ensure your mortgage lender is trusted, legit, and credible prior to working with them. Scammers are out there waiting for their next victim. We don’t want you to be [...]
When it comes to mortgage rates, it’s all about perspective. Rates have certainly risen since the start of the year, but they’re still low when you look at where they have been in the past.* According to Freddie Mac data, [...]
For many, saving for a down payment is one of the most challenging parts of buying a home. Believe it or not, grants (money you sometimes don’t need to repay) exist to help homeowners purchase a house. There are a [...]
Buying a home is an investment, so you must treat it like one. The best step you can take is to become knowledgeable about the process. To learn about home buying, watch our informative videos here! When submitting an offer [...]
Whether you have just started the mortgage process or are making plans to buy a home, be cautious of some common mortgage scams. Avoid getting swindled, and minimize your risk during the mortgage process by educating yourself on the topics [...]
As a lending partner of the Fraternal Order of Police, Direct Mortgage Loans is proud to make homeownership possible for hose in law enforcement. Did you know we offer exclusive mortgage benefits to our FOP members? Overview of the FOP [...]
What type of home suits your needs best? When finding a home, there are many types of "homes” to consider. It is incredibly important to start the house search process with a good understanding of the home that will best [...]
Homebuying isn’t only for dual income applicants. It's possible and reasonable to buy a home as a single parent. If you are ready to buy a home today, contact a team member! Checkout these useful tips that will help make [...]
History has proven that recessions don't always equal a housing crash. Don’t let inflation and higher interest rates discourage your plan of homeownership! Subscribe to our blog to receive notifications of posts that interest you! What is a recession? [...]
