A lot of people spend a great deal of time trying to figure out how the interest rates are going to look tomorrow, next month or 10 years from now, because these rates can have a huge impact on how much it costs to buy a home.
As a first-time homebuyer, you may not be familiar with the process and certain jargon of the housing industry. Doing a little research before you head out to house hunt can assist you in making wiser decisions, but it never hurts to get a little assistance.
The vast majority of homeowners with mortgages today have fixed-rate mortgages. They make the same monthly payment every month for the term or the loan, usually 15 or 30 years, unless they sell the home or refinance before then.
If you are getting ready to purchase a home, you’ve probably done a lot of research and self-examination about your financial situation. Maybe you’ve been putting away money for your down payment or are being extra careful to pay your bills on time to build your credit score.
If you're eligible for a VA loan, this type of home mortgage should definitely be on your short list of loans to consider. That's because the VA loan, backed by the U.S. Department of Veterans of Affairs, offers the most attractive package of benefits of just about any home loan available today.
Homebuyers who need a mortgage and homeowners who want to refinance an existing loan have many options from which to choose. Among them are conventional loans and VA loans.
Refinancing typically involves closing costs and paperwork, but for homeowners who have a VA loan guaranteed by the U.S. Department of Veterans Affairs, the path to refinancing can be simple and affordable.
VA loans are generally a better deal than conventional or FHA mortgages for the eligible veterans, active military, and reservists who have earned access to this benefit through their service to our country.
You’ve been house hunting for months. Maybe you’ve even submitted a couple of offers and have been rejected or out-bid. Then you find the one and you don’t want it to slip away.
Whether you like it or not, any home being purchased or refinanced with a home loan needs an appraisal. Lenders require appraisals to ensure the value of the home isn’t less than the loan amount and that their risk level is in check.
Home Purchase Calculator
loanDepot’s easy-to-use calculator puts you in charge of estimating your mortgage payment.
Refinance Calculator
Time to refinance? loanDepot’s powerful savings tool will assess your options instantly.
loanDepot Lifetime Guarantee
When you fund your home loan with loanDepot, you are protected by our loanDepot Lifetime Guarantee**
Learn More
{{ restartModalCopy.subheading }}
{{ restartModalCopy.paragraph }}
{{ closeModalCopy.subheading }}
{{ closeModalCopy.paragraph }}
{{ loanOfficerModalCopy.subheading }}
{{ loanOfficerModalCopy.paragraph }}
This page is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
