Blog

Before you decide to refinance your home loan, it’s important that you understand how it works. Refinancing can seem confusing or overwhelming, but it doesn’t have to be. What is Refinancing? Refinancing is the process of replacing your existing mortgage with a brand-new loan. In short, refinancing presents an opportunity to improve your current mortgage. […]

In order for the loan process to run smoothly, one of the smartest things to do is get pre-qualified for a mortgage. A pre-qualification is an estimate of how much you can borrow from a lender which allows you to explore loan options specific to your financial situation. Pre-qualifying for a loan before you go […]

Many people believe winter is the most undesirable time to sell your home, but this doesn’t have to be the case. If you know what to expect, you can have just as much success selling your home during winter than you would any other time of year. Don’t be afraid to list during wintertime. Who’s […]

It’s a hot seller’s market these days. That means there are more buyers looking to purchase homes than there are homes for sale, giving way to some strong competition. With the pandemic, more city dwellers and renters are looking to buy resulting in bidding wars and homes selling for more than the asking price. So […]

Whether you’re buying or selling a home, your real estate agent is going to play an important role. Real estate agents perform a variety of tasks during real estate deals such as organizing the transaction, acting as a liaison between buyer and seller, and offering support to their client throughout each step of the process. […]

Purchasing your first home is an exciting adventure with plenty of benefits. Homeownership can provide valuable tax breaks and offers an opportunity to build equity rather than spending rent money with no potential return. It is also an important personal and long-term financial decision, so it makes sense to prepare ahead of time and be […]

Here at First Home Mortgage we strive to deliver excellent customer service from the start. We provide tools and resources to better prepare you for purchasing or refinancing your home. Whether you’re buying a home for the first time, you’ve purchased before, or you are refinancing, you will have questions and concerns. “What will my […]

The homebuying industry is full of acronyms. It can be hard to keep up, so we’re here to help! Learn the lingo before going through the homebuying process so you sound like a pro. Here are some of the most important acronyms you need to know: APR (Annual Percentage Rate): The APR is simply the […]

What Does DTI Ratio Mean for your Mortgage? Debt to income ratio is a calculation of the percentage of your monthly debt payments, compared with your gross (pretax) monthly income. Monthly debt payments include mortgage payments, car payments, and any other minimum loan or card payments. Living expenses like gas, groceries, and utilities are not […]

Are you a Gen Zer unsure about your financial responsibility when it comes to buying a home? Buying a home doesn’t have to be an overwhelming process or a financial drain. How should you prepare?   1. Down Payments Down payments seem to be the biggest obstacle first time home buyers think they will face […]

If you’re considering purchasing or refinancing a home, it’s a good idea to look at your credit score first. Your credit score will directly impact your interest rate, and the loan programs that you qualify for. When it comes to a home loan, improving your score can save you money and give you a larger […]