If you’re followingmortgage ratesbecause you know they impact yourborrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard toforecast.
Everyone’s interpretation of the American Dream is unique and personal. But, for many people, it’s tied to a sense of success, freedom, and prosperity. These are all things that owning a home can help provide.
Topics: Mortgages / Home Equity
Moving to a new place can be incredibly stressful. One way to make things a bit easier is making a comprehensive checklist that covers many aspects of your upcoming move. Donate or sell unneeded items Rather than paying movers to haul a ton of things you don’t use or need anymore, go through all of your possessions and donate what you can. You may...
Topics: Homeowners, Mortgages / Home Equity
It’s no secret housing costs have been on the rise, and many house hunters are on the lookout for affordable homes. Mobile and manufactured homes provide more space, privacy, and autonomy than many other housing arrangements, such as renting or living in an apartment — while costing much less than buying a conventional house. Here’s a look at some...
Topics: Homeowners, Mortgages / Home Equity
With housing prices at historic highs, many first-time homebuyers are considering Federal Housing Administration loans for their lower down payments and less-stringent credit requirements. Here’s what you need to know about qualifying for an FHA loan.
Topics: Homeowners, Mortgages / Home Equity
At First Federal Bank, we understand that many first-time home buyers face an additional challenge of having non-existent credit history. It’s important to remember that while your credit score may be limited, it doesn’t mean you can’t be trusted to repay a loan. We offer alternative loan options with flexible credit requirements to help those...
Topics: Financial Education, Homeowners, Mortgages / Home Equity
