Understanding Your Monthly Mortgage Statement

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January 23, 2019

Your billing statement has a great deal of information to help you understand your mortgage. To get acquainted with different parts of your mortgage statement, watch this informative video. Looking for a little more detail? Read below for a more in-depth look at your mortgage statement. We’ve organized it by sections. Freedom Mortgage Contact Information This section of your mortgage statement provides contact information for our Customer Care team, including…

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Five Big Benefits of a VA Loan

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November 9, 2018

The Veterans Administration (VA) is especially set up to help with VA homeownership needs. Did you know the VA helps Service Members, Veterans, and eligible Surviving Spouses to become homeowners? As part of our mission to provide exceptional service to veterans, and in honor of Veteran’s Day, we’ve decided to review the five biggest benefits of VA home loans. ONE: VA Home Loans Offer No Down Payment, No Mortgage Insurance…

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Three Reasons to Buy a Home this Fall

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October 1, 2018

  While the spring and summer are considered peak seasons for home sales, the fall season presents unique opportunities for savvy homebuyers. Consider the following benefits as you shop for a home this fall. Big Savings When you buy a house, you may want to make some enhancements to put your personal touch on it to make it your home. Did you know Consumer Reports recommends homebuyers coordinate their home…

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Three Reasons Owning a Home is a Worthwhile Commitment

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September 13, 2018

After the housing bubble collapsed in 2008, many older millennials may have seen close friends or family experience financial stress. Therefore, it’s understandable why it may be difficult to make a commitment to homeownership. However, here are three good reasons why it makes sense to own your home rather than keep paying rent. Independence  When you own your own home, you make the rules. Pets, parties, guests, no problem. Owning…

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Study Reveals Many Millennials Ready to Buy First Home

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September 5, 2018

A joint mortgage readiness study conducted by Freddie Mac and Experian suggests that many of the 75 million U.S. Millennials (born between 1982 – 2000, according to the U.S. Census) are ready or near-ready to qualify for a mortgage. According to the study: 33 percent of Millennials have strong or moderate credit with an average income of $53,000. Also, for those with student loans, loan payments average just 4-7% of…

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Gen X Experiences a Boom in Home Equity

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September 5, 2018

According to a recent study, Gen Xers (those born between 1965 – 1983) experienced some of the biggest decreases in home equity during the great recession. However, nearly 10 years later, the median net worth of these same homeowners has risen by 115%. Based on an analysis of Federal Reserve data, the study finds that Gen Xers are the only generation of households to recover the wealth they lost during…

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5 Tips for Energy Savings this Summer

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August 2, 2018

Looking for ways to save this summer? Try these 5 tips: Maintain your central air conditioner on a regular basis and clean or replace filters to ensure optimal efficiency. Set your air conditioner thermostat as high as comfortable when you’re home. Use a smart thermostat to automatically adjust the temperature. Close your blinds and windows during the day and open them at night. This is a no-cost way to keep…

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Top 5 Home Remodeling Projects that Add Value

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August 1, 2018

You are living the dream of homeownership, but you want to make sure your home maintains that charm and comfort that attracted you to it in the first place. Well, the “Remodeling Impact Report” from the National Association of REALTORS® includes great information on the upgrades you should consider and what you may expect in return on investment. Here are the top 5 home remodeling projects with building equity in…

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Why do I Need a Home Appraisal?

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July 2, 2018

Let’s take a closer look at appraisals. When you find the home of your dreams and are ready to make an offer, your mortgage lender needs assurance that the place you are interested in is worth the money you wish to offer for it. This is where an Appraiser, usually a qualified 3rd party contractor, comes in. Style and Selling Points: The appraiser looks at the general design and architectural…

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Homeownership Builds Wealth on the Path to Financial Freedom

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July 2, 2018

As we celebrate our nation’s freedom this July 4th, it is a good time to offer a toast to the pursuit of happiness and offer thanks for our personal freedom. Americans today have many opportunities for achieving the best in life for ourselves and our families. Financial stability and financial freedom are two keys to securing the future we’ve always dreamed of. The basics of creating a good financial foundation…

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