Mortgage Information

Expert advice and insights about mortgages and financing your home purchase.

Down PaymentSavingsHome Buying

Your Savings and Down Payment

Terry Michaud Office
November 08, 2017

Your first step toward buying a home should be determining how much money you have available for down payment and closing costs.

Read More
ARMAdjustable RateCOFI

Which ARM is the Best Alternative?

Terry Michaud Office
November 08, 2017

Learn about the 11th District Cost of Funds (COFI) Adjustable Rate Mortgage and why it might be an excellent alternative when fixed rates begin to rise.

Read More
Mortgage BankingFannie MaeFreddie Mac

Where Does the Money Come From for Mortgage Loans?

Terry Michaud Office
November 08, 2017

Learn how the mortgage industry works behind the scenes and where the money for home loans really comes from.

Read More
Credit ScoreFICOMortgage Qualification

WHAT'S A FICO®?

Terry Michaud Office
November 08, 2017

Learn what FICO scores are, how they impact your mortgage application, and what factors determine your credit score.

Read More
Mortgage LendersMortgage BankersPortfolio Lenders

Types of Mortgage Lenders

Terry Michaud Office
November 08, 2017

Learn about the different types of mortgage lenders and how they operate in the real estate market.

Read More
Fixed RateNo-Cost MortgageMortgage Fees

The No-Cost Thirty Year Fixed Rate Mortgage

Terry Michaud Office
November 08, 2017

Is a no-cost mortgage loan right for you? Learn about the real costs and benefits of these loans and whether they make financial sense for your situation.

Read More
Biweekly MortgagePayment OptionsPrincipal Reduction

The Biweekly Mortgage - Who Needs It?

Terry Michaud Office
November 08, 2017

Are biweekly mortgage payment services worth the cost? Learn how these programs work and whether you can achieve the same benefits on your own.

Read More
Land ContractAlternative FinancingCredit Building

Land Contract

Terry Michaud Office
November 08, 2017

Land contracts can be an alternative when conventional financing isn't an option. Learn how they work and the advantages and risks involved.

Read More
Loan ApplicationDocumentationMortgage Process

Items You Need When Applying For a Loan

Terry Michaud Office
November 08, 2017

Be prepared with all the necessary documentation when applying for a mortgage. This comprehensive checklist will help ensure a smooth loan application process.

Read More
Mortgage LendersMortgage BrokersLender Comparison

The Advantages of Different Types of Mortgage Lenders

Terry Michaud Office
November 08, 2017

Different types of lenders have different strengths and weaknesses. Learn which type might be best for your specific mortgage needs.

Read More