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At Trust in Equity, our mortgage brokers work with different lenders to get you the payment you want and the mortgage you need. Start your free application and let Trust in Equity work for
Is the Lowest Mortgage Rate Always the Best Value?
Just because you've received the lowest mortgage rate from your broker, doesn't mean you're getting the best value. Contact Trust in Equity today to find out
Mortgage Refinance Opportunities with Trust in Equity
If you revisit your mortgage every 3 years for mortgage refinance opportunities, you may be missing out on a chance to save money or pay off your mortgage faster. Trust in Equity offers Free Consultations for
The Benefit of Revisiting Your Mortgage in Different Economies
The Benefit of Revisiting Your Mortgage in Different Economies We continue our video series this week with Dan and Larry. They discuss why homeowner’s should consider re-approaching their mortgage in today’s economy, healthy economies, and bad economies. Check it out: *below is a transcription of the video. Reviewing Your Mortgage in the Present Economy A lot of people are getting notifications right now that their home values are up. Be it from realtors listening to them or maybe tax values are going up. That's a good indication that it might be time to take a look at your mortgage. People that have purchased in the last 2-5 years may have the situation where they don't have 20% down, so they're paying PMI (Private Mortgage Insurance). With the values of their home up, if we sit down and take a look at their mortgage, we may be able to reset it without the Private Mortgage Insurance (and cost that comes with it). Resetting Your Mortgage in a Healthy Economy Can Make A Difference Many homeowners are under the assumption that you would take a look at your mortgage again in a bad economy, to stay secure. This is a smart thing to do, but the reality is that you should be reviewing your mortgage for potential refinancing in any fluctuating economy, especially a healthy economy. It could make a difference of a couple hundred dollars a month on some people's payments. That really adds up over time! If you're looking for
The Mortgage Drawer Scenario - Do I Need to Revisit My Mortgage?
Do I Need to Revisit My Mortgage? The Mortgage in the Drawer dilemma. Have you ever considered trying to lower your monthly mortgage payments? This week we continue our video mini-series to help answer common questions on mortgages: purchases, and refinances. Refinance options can help lower monthly payments on your mortgage, or even aid in securing a better rate. This video is about The Mortgage in the Drawer Dilemma, watch it below and learn why you need to consider a refinance: *Below is a transcription of the video. The Mortgage in the Drawer Scenario: As we talk with people, we often find those who have a mortgage, maybe six to ten years old, and they haven't done anything with it since, ever. They have literally put the paperwork in a drawer, in a file, and have never touched it again. What are the Benefits of Pulling Out the Mortgage Papers? All About the Amortization Schedule If you never look at it, you're going to be paying the amortization schedule on the original principal of your loan. So, it depends on what your rate is - if you bought back when rates were 6-8% percent and maybe you borrowed $200,000 – you’re paying your mortgage off of that amortization schedule. How We Find Value in "Old" Mortgages. At Trust in Equity, we take a look at your mortgage and review it. Maybe the rates have now reached a point now where it makes sense for you to refinance, but more importantly
What Do I Need to Know If It's My First Time Buying a Home?
What does a first time home buyer need to know before going through with a mortgage? It's not as stressful as you think. Especially when you work with Trust in Equity.
Available Home Loan Options
Learn More About the Types of Home Loans Available to You When it comes time to find funding for a home purchase, it can feel overwhelming to consider all of the information and programs available to homebuyers. That’s why we’ve put together this handy summary of typical home loan options for you to review. Conventional Loan: Conventional loans follow the guidelines created by GSEs (government-sponsored enterprises) Fannie Mae and Freddie Mac but are not guaranteed or insured by the federal government. Loans can be fixed or adjustable and often require a smaller down payment than other loan types. FHA Loan: Another type of loan with a low down payment is the FHA loan. This loan through the Federal Housing Administration is backed by the federal government. Choose either a fixed or adjustable loan and enjoy the ability to qualify for this type of loan more easily than some other types. Veterans Administration Loan: If you have served or currently serve in any branch of the U.S. military, then you likely qualify for a VA loan. VA loans do not require any down payment. USDA Rural Development Loan: USDA rural development loans are perfect for homebuyers who wish to purchase in a rural area. This loan product requires no money down and very low interest rates. Jumbo Loan: If your home purchase requires a loan of more than $417,000, a jumbo loan may be for you. Loan qualifications are stricter than with other loan types. If you have
The Refinancing Option
Helpful Info for Homeowners Considering a Refinance Homeowners consider refinancing for a number of different reasons. Sometimes, the goal is to consolidate debts into the home loan to reduce overall interest in the long run. Other times, the goal is simply to lower monthly mortgage payments by taking advantage of a mortgage rate that is lower than that secured during the initial purchase of the home. Whatever your reasons for looking into refinancing a house, we are here to help you understand the scope of your refinance options. Types of Refinance Loans Conventional: This straightforward refinance option is a good starting point when exploring refinancing your home. The greater the equity you have in your home, the better a conventional refinance will work for you. HARP (Home Affordable Refinance Program): HARP is a government-backed refinance program designed to help make your payments more affordable so you can stay in the home. FHA Streamline: For those who already have an FHA home loan, this refinance option may be the way to go. Jumbo Refinance: If you owe more than about $400,000 on your existing property, you may qualify for a jumbo refinance. If you're ready to talk in more detail about refinancing your home, contact one of our refinance experts today and we will help you begin the process and support you in securing the best refinance rate available. We look forward to helping you make your mortgage work better for