by [email protected] | Dec 12, 2023 | Home Buying Tips, Mortgage Lenders
Choosing the right mortgage for your unique situation requires a nuanced understanding of your finances, housing needs, and loan options. Your mortgage choice greatly impacts your financial stability, whether you’re a first-time homebuyer in Champaign County or...
by [email protected] | Oct 23, 2023 | Home Buying Tips, Mortgage Lenders
FHA loans, backed by the Federal Housing Administration, are a popular choice for first-time Champaign County homebuyers. These mortgages are insured by the FHA and issued by approved lenders. They are specifically designed for low-to-moderate income borrowers. An FHA...
by [email protected] | Oct 10, 2023 | Home Buying Tips, Mortgage Lenders
When purchasing a home in Champaign County, it’s common to consider a first mortgage. However, it’s important to be aware of the existence of a silent second mortgage, which can come with significant pitfalls. What Are Silent Second Mortgages? When...
by [email protected] | Jun 19, 2023 | Homeowner Tips, Mortgage Lenders
Missing a mortgage payment on your Champaign County home can be a difficult situation to be in. It’s important to understand that it’s usually not intentional, but rather a result of accidental oversight or financial difficulties. Regardless of the reason,...
by [email protected] | May 8, 2023 | Mortgage Lenders
Are you thinking about refinancing your home in Champaign? Even if you refinanced just a year ago, it may be worth looking to see if you can save money by refinancing. Yet you should consider more than just the rates if you decide to refinance your home. Here are some...
by [email protected] | Feb 27, 2023 | Home Buying Tips, Mortgage Lenders
When you’re ready to buy a home in Champaign-Urbana, it helps if you have been pre-approved for a loan. When your lender gives you this letter, he or she will explain how much of an income is necessary in order for the mortgage payments to fit within your budget. That...