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Homebuyer 101: Loan Terms

6 minute lesson   Lesson Summary 30-Year Mortgages Lower monthly payments, longer repayment. Early payments focus more on interest. Long-Term Interest Costs More interest paid over time with longer terms. Prepayment Flexibility Options for additional or lump-sum payments. 15-Year Loans…

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Homebuyer 101: Closing Costs

6 minute lesson Lesson Summary Average Costs: Expect to pay around $3,850, covering key expenses for home ownership transfer. What They Include: Fees for finalizing home purchases, like title insurance, appraisals, local taxes. Earnest money may reduce these costs at…

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