Category: Mortgages Simplified

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What is a Jumbo Mortgage?

Maybe you have seen it on a mortgage rate table, or heard it in passing, but the question remains what is a Jumbo Mortgage? Is it like a jumbo candy bar and just used to describe mortgages over a certain…

Fixed vs. Adjustable Mortgage

When you are applying for a mortgage, you will need to pick between a fixed-rate or adjustable-rate mortgage. These two different mortgage types are based on what kind of interest you will be paying over the life of the loan.…

15-Year vs. 30-Year Mortgage

Trying to decide between a 15-year and a 30-year mortgage? Here are some tips to help you pick which direction might be best for you. Both the 15-year or 30-year mortgage have pros and cons for buyers. The major difference…