When buying a home, you 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 rates — and monthly payments — often are lower than with... (Read More)

Your credit score is an important number that can affect the interest rate you can get for a mortgage and even whether you can qualify for certain types of home loans. It's not the same as your credit report. Think of your credit score as a... (Read More)

When purchasing a home, your mortgage pre-approval is based on your current financial situation. That's why once you are pre-approved, you should avoid making big changes to your finances. Here are several things you'll want to avoid doing while... (Read More)

Whether you're buying or selling a home, you're likely to encounter a host of mortgage terms and acronyms along the way. Find them a bit confusing? You're not alone! Real estate really has a language of its own. You'll feel a lot better on closing... (Read More)

Whether you're buying or refinancing, you have a number of choices. One of those is your loan term. While the overwhelming majority of home buyers and home owners elect to go with the 30-year mortgage, you may be wondering if a 15-year home loan... (Read More)

Did you know that FSBOs —homes that are For Sale by Owner — account for only about 8 percent of home sales? Or that many properties that start out as FSBOs end up being listed with and sold by a Realtor? Here's why so many people sell their... (Read More)

The VA home loan program is one of the most flexible and attractive ways to finance a home today. There's no set downpayment requirement, no private mortgage insurance and rates are lower compared with some other types of loan programs. It's also... (Read More)

At PRMI, we love educating families about the home-buying process. It's an important part of what we do every day. Here are some of the most common questions from first-time home buyers – along with the answers. How much of a down payment will... (Read More)

Curious about what type of information you'll need to provide about yourself if you're applying for a mortgage? Here's what we'll need from you (and a co-borrower if you have one) to get started on your loan application: —Social Security Number... (Read More)