The landscape of possibilities for EMS home loans is all over the map. Some mortgage programs are specifically for EMS workers and first responders while others, though helpful, are more generic loan assistance initiatives that you might qualify for. It’s helpful, whether you are going for your first home or buying a home later in your career, to know what’s out there for EMT home loans and paramedic home loans.
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“EMS Home Loans | Guide to Mortgages for EMTs and Paramedics”
Saving money on a first responder refinance can be a great help if you know what you are doing. Refinancing is a unique real estate transaction because it doesn’t involve buying a house or selling a house. At face value, it looks like you and your mortgage broker are just shuffling numbers around. At the end of the shuffling, however, your monthly mortgage may be dramatically decreased OR you may have a chunk of money (if it’s a cash out refinance) to use for home improvements.
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First off, what the heck is an assumable mortgage? Assumable mortgages are a product that allows borrowers to “assume” the seller’s mortgage. In other words, if you are looking to buy a home and the seller has a mortgage that allows for it, you can take over the remaining balance left on the loan, including the mortgage term and mortgage rate.
Read More “Is an Assumable Mortgage a Good Way to Beat High-Interest Rates?”
Looking for firefighter home loans can be a bit of a rabbit hole. The more you dig, the more you find. There are many resources that offer all kinds of help, but is it the help you need? We did some digging for you.
Read More “Firefighter Home Loans | Special Firefighter Mortgage Programs”
How important is it to get pre approved for a home loan? The outcome of getting a home loan pre approval is receiving a pre-approval letter. This letter is the golden ticket that allows you to be seriously considered by a seller to purchase their home. Without one, your chances of winning the bid on a home with multiple offers is slim to none. Therefore, it’s good to know the process of how to get pre approved for a home loan and other answers to commonly asked questions about mortgage pre-approval.
Read More “How to Get Pre Approved for a Home Loan and Save Money at Closing”
Housing affordability is an increasing concern, but there is a population of 41 million people, 45 years or younger in the U.S. who are “mortgage ready” according to a Freddie Mac report.
That’s a lot of potential first-time buyers. Homeownership is critical for building long-term wealth, and most first-time homebuyers rely on obtaining a mortgage to become homeowners.
Read More “Mortgage Ready | These are the Future Mortgage Borrowers”
USDA home loans for teachers can give you an alternative way to afford a home in the rural community where you teach, or outside the city where you spend your week days. Teachers are notorious for finding different ways to accomplish a goal – you do it in the classroom everyday – so these loans may appeal to you. If living in the city doesn’t appeal to you, the USDA loan guarantee program could put you in a beautiful rural setting, outside the hustle and bustle of the city, or within the rural community where you teach.
Read More “USDA Home Loans for Teachers | Save with Homes for Heroes”
When you bought your home, you took out a mortgage loan for the cost of your house. If it was your first home, maybe your credit score was lower, and you had a higher interest rate. If it was a few years ago, you almost surely had a higher interest rate, as current rates are at or near historic lows. Maybe you’ve put a lot of work into renovating your house, and it will appraise for more money. All of these are good reasons to refinance your mortgage as a physician. You’ve heard it can save you money, but what does refinancing your mortgage even mean? Read More “Physician Mortgage Refinance | Save on Closing Costs”
Buying a home almost always requires obtaining a home mortgage loan to pay for it. There are several mortgage programs available to medical professionals. But, knowing which is best for you can take some research. We outline the most common home mortgage programs for registered nurses, physicians, CNA’s, lab technicians, and anyone else in the medical profession, and how Homes for Heroes can help you save even more money when buying a home.
Read More “Home Loans for Medical Professionals”
In order to buy a home, you are most likely going to need a home mortgage loan. There are several different types of home loans for healthcare workers to choose from. They all have great advantages for first time home buyers, as well as healthcare workers who have already bought and sold more than one home. Let’s take a deeper dive into the four most common type of home loans for healthcare workers.
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