An FHA loan is a type of mortgage specifically designed to assist low-to-middle income borrowers. FHA loans are particularly attractive with first-time homebuyers because they typically require a lower down payment and most lenders are somewhat... (Read More)
How much of a downpayment do you need to buy a home? Less than you might think! Many people believe that in order to purchase a home, you need a 20 percent downpayment. Studies show it's one of the most enduring home buying myths.
In reality, the... (Read More)
The VA home loan program is an incredible benefit for our nation's veterans and active-duty military personnel. Have questions about this unique financing option? We have answers!
Who qualifies for VA mortgages?
The program is designed for... (Read More)
Buying your first home? Congratulations! There's a reason they call it "home sweet home." Some of your greatest joys in life will be found within those walls.
As you become a homeowner, you'll find yourself contemplating ways to protect your... (Read More)
Ready to close on the purchase of your home? Congratulations! Closing day can be exciting — but also a bit overwhelming. At Primary Residential Mortgage, we are dedicated to providing a smooth and pleasant closing experience. Here are some of the... (Read More)
When buying a home, you get to make a lot of decisions. One of the most important: You often have the option of selecting a fixed-rate home loan or one with an adjustable rate. ARMs are attractive to some home buyers today because the introductory... (Read More)
In the market for a new home? Purchasing a home is definitely something you don't do every day. So it's easy to make mistakes, and when it comes to home buying, mistakes can be costly. Here are some of the most common errors made by first-time... (Read More)
Are you one of the many people dreaming of owning your own home? If so, you aren't alone. It is one of those dreams that transcends culture, age and region, and it's been a mainstay of the American Dream for years. Owning a home has become a symbol... (Read More)
Whether you're buying a home or refinancing, you have a number of choices when it comes to financing. One of those choices involves your loan term. While the overwhelming majority of home buyers and home owners elect to go with the 30-year mortgage... (Read More)
If you’re uncertain if you can meet the standards necessary to secure a conventional mortgage loan, a Federal Housing Administration loan might be the right choice for you. It’s a mortgage product backed by the government, which helps borrowers... (Read More)