Blog Archives

The Cot of Buying vs. Renting

8/28/2020

0 Comments

Infographic about buying vs renting and a live link to full article on 3rd party site

Buying vs. Renting infographic and live link to 3rd party site.

Awesome infographic about Buying vs. Renting today and int he past...thanks, KCM!

0 Comments

What's a Conventional Mortgage?

8/27/2020

0 Comments

How a Conventional 30 Year Fixed Mortgage Works
You’ll pay off the mortgage in 30 years. Although you’ll pay more interest over the life of the loan compared to lower term year mortgages (like a 15 years mortage), your monthly payments will be lower.

You can pay down your mortgage at any time without prepayment penalties.
Your payment will go toward paying the principal (the amount you borrow) and interest (a fee you agree to pay when borrowing the money). It’ll also be used to pay your taxes and insurance.
With a fixed interest rate, your principal and interest payments won’t change over the life of the loan. The amount for your taxes and insurance can go up and down.
You might have to pay for mortgage insurance. This depends on your down payment if you’re buying a home, or how much equity you have if you’re refinancing.

Need more information? Read more at Stonegate Mortgage
Ask for Nick Fuller...

0 Comments