Category: Mortgage Tips

15-Year or 30-Year Mortgage? How to Choose Your Loan Term

15-Year or 30-Year Mortgage? How to Choose Your Loan Term

Compare 15-year and 30-year mortgages, including monthly payments, total interest, equity and flexibility, to decide which loan term fits your goals.

HELOC Basics: How a Home Equity Line of Credit Works

HELOC Basics: How a Home Equity Line of Credit Works

A HELOC lets you borrow against your home equity as needed. Learn how draw and repayment periods work, common uses, costs and the risks to consider.

A Guide to the Most Common Types of Mortgages

A Guide to the Most Common Types of Mortgages

Compare fixed-rate, adjustable-rate, FHA, VA and jumbo mortgages, including who each one fits, key features and what to ask before you choose a loan.

Getting Ready to Refinance: A Homeowner’s Prep Guide

Getting Ready to Refinance: A Homeowner’s Prep Guide

Thinking about refinancing? Learn how to set goals, review your credit, gather documents and prepare for the appraisal so the process goes smoothly.

Mortgage Pre-Approval: Why It Should Be Your First Step

Mortgage Pre-Approval: Why It Should Be Your First Step

A mortgage pre-approval sets your budget, strengthens your offer and can uncover issues early. Learn how it works and what documents you will need.

What Moves Mortgage Rates? A Simple Guide for Home Buyers

What Moves Mortgage Rates? A Simple Guide for Home Buyers

Learn the main forces behind mortgage rate changes, from inflation to the housing market, and practical ways to plan a purchase or refinance around them.

Buying a Home in Winter: Why the Off-Season Can Work for You

Buying a Home in Winter: Why the Off-Season Can Work for You

Thinking about house hunting in the colder months? See why winter can mean less competition and more attention, plus tips to shop smart off-season.

First-Time Home Buyer Programs and Help Worth Knowing About

First-Time Home Buyer Programs and Help Worth Knowing About

From FHA, VA and USDA loans to state and local down payment help and homebuyer education, learn about the programs that may help first-time buyers.

Key Questions to Ask Your Loan Officer Before You Buy

Key Questions to Ask Your Loan Officer Before You Buy

Which loans fit me? What is my APR? How much do I need for closing? Bring these questions to your loan officer so you understand your loan before you buy.

What Is PMI? A Plain-English Guide to Mortgage Insurance

What Is PMI? A Plain-English Guide to Mortgage Insurance

Learn what private mortgage insurance is, when it applies, what affects its cost, and how you may be able to remove it once you build enough home equity.

© FLO Mortgage, LLC. All rights reserved. Company NMLS #1835856.