When the time comes to research and obtain a home mortgage, information will come from all directions.  You will begin to hear words like "pre-approval", "due diligence", "conventional", "origination fee", "debt ratio" to name a few.  With so much of this coming at you so fast, it can lead to anxiety about what is ahead.  Here, our goal is to explain a lot of that which is involved in obtaining your home loan. "Purchasing a home and conquering financial responsibility is a [...]

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As you go through the mortgage process, you will encounter many terms that you may be unfamiliar with.  We have put together a list of many of them for you to use as a resource along the way.   2/1 Buy Down Mortgage The 2/1 Buy Down Mortgage allows the borrower to qualify at below market rates so they can borrow more. The initial starting interest rate increases by 1% at the end of the first year and adjusts again by another 1% at the end of the second year. It then remains at a fixed[...]

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