The Fast Blog
Speeding Through Mortgages: The Lightning-Quick Guide to Home Financing on 'The Fast Blog'!How Do 2-1 Buy Downs Work? A Comprehensive Guide
If you're in the market for a home, you may have heard the term "2-1 buydown" thrown around. But what exactly does it mean? Essentially, a 2-1 buydown is a type of mortgage financing that allows you to temporarily lower your interest rate for the first two years of...
30-Year vs. 15-Year Mortgage: Which is the Better Option?
If you're thinking about buying a home, one of the most important decisions you'll need to make is whether to get a 30-year or 15-year mortgage. Both options come with their own set of advantages and disadvantages, so it's important to carefully consider your...
Key Mortgage Terms You Must Know
If you're planning to finance a home purchase, understanding mortgage terminology is essential. But becoming fluent in the language of mortgages can feel a bit like learning a new language. To help, we've compiled a guide to the most important mortgage terms you need...
FHA vs VA Loans: Crucial Differences Explained
Navigating the world of home loans can be complex, especially when it comes to understanding the differences between FHA and VA loans. As a potential homeowner, you might be wondering which of these loan options would best suit your needs and financial situation. Fear...
How do Mortgage Rate Locks Work? Explained Simply and Effectively
Navigating the world of home buying can be confusing, but understanding the basics of mortgage rates and how they work can make the process smoother. One essential tool in the home buying journey is the mortgage rate lock. A mortgage rate lock guarantees the current...
Checklist for Self-Employed Borrowers: Key Documents Required
Navigating the mortgage application process as a self-employed borrower can feel daunting. However, understanding the essential documents you need can help streamline your journey toward homeownership. Prepare yourself for a smoother mortgage approval by gathering...
Unraveling Non-QM Mortgages: Your Complete Guide to How They Operate
Non-QM Mortgages: Essential Information on Their Functioning Navigating the world of mortgage loans can be overwhelming, especially when you come across various types of loans that might not conform to standard lending guidelines. One such option you may encounter is...
Battle of the Mortgages: FHA Loan vs. Conventional Loan – Who Wins?
FHA Loan vs. Conventional: Which Mortgage is Right for You? If you're planning to buy a home, you're probably wondering about the best way to finance it. Two popular options are FHA loans and conventional loans. But which one is right for you? In this article, we'll...
Mortgage Terms To Know Before Buying a Home
If you're considering buying a home, one of the most important things you'll need to understand is mortgages. A mortgage is a loan that helps you purchase a home, and it's usually paid off over a period of several years. However, there are numerous terms and concepts...