Taylor Freitas

Is a 15-Year Mortgage Better? Pros, Cons and Considerations

Choosing a 15-year mortgage can save you a substantial amount of money over the long term. You’ll typically gain access to lower interest rates than you would with a 30-year home loan, and since you’re paying off the debt over a shorter period, you’ll also pay less in interest.

January 1, 2025

What Is a Jumbo Loan?

Jumbo loans, or non-confirming mortgages, are intended for buyers who want to finance a home that exceeds the lending limits set by the Federal Housing Finance Agency (FHFA). As a result, a jumbo loan cannot be guaranteed by Fannie Mae or Freddie Mac, which are both regulated by FHFA.

January 1, 2025

What Is a USDA Loan? Benefits, Requirements and More

A USDA loan removes some of the most common barriers to homeownership, making it easier for borrowers in rural areas to purchase a house.

January 1, 2025

What Is the VA Funding Fee? Cost and Exemptions Explained

With the VA home loan program, qualifying military members can buy a home at a competitive rate with no down payment or mortgage insurance required. In exchange for these great benefits, borrowers must pay the VA funding fee, a one-time charge associated with VA loans.

January 1, 2025

Short Sale vs. Foreclosure: The Differences Explained

If you’re behind on your mortgage, you may be able to avoid foreclosure by selling your home in a short sale. Unlike a foreclosure, a short sale is voluntary and doesn’t require a legal proceeding or public auction. It’s also generally less damaging to your credit than a foreclosure, making it a better choice for your financial health and future homeownership plans. 

January 1, 2025