Fixed vs Adjustable-Rate Mortgage
If you are in the market to purchase a new home, you are also likely to be in the market for a new mortgage. Generally, mortgages are loans granted to purchase a home, with the house acting as the security. Depending on the terms of the mortgage, the lender will require the borrower to make […]
5 Mistakes to Avoid When Purchasing a Home
Purchasing a home is a significant milestone that comes with its own set of challenges. Here are five common mistakes to avoid when buying a home: Not Getting Pre-Approved for a Mortgage: Before you start looking for a home, it’s crucial to know how much you can afford. Without a pre-approval, you might waste time […]
How Your Credit Score Can Affect Your Mortgage Rate
Financing is one of the most important factors to consider when purchasing a home. Knowing what your options are and understanding the terms of the loan can save you money in the long run. With a little research, you can ensure you’re getting the best mortgage rate for your situation. Here we will explore how […]
The Cut is Here: Should You Consider Refinancing?
The Fed has cut interest rates for the first time in two years. NOW could be the right time for you to refinance. When deciding if refinancing is right for you, the math isn’t as simple as comparing the interest rate you locked in when you were approved for your mortgage versus the rate you […]
Mya Tran-Harter Named 2024 Mortgage Professional of the Year by The Home Builders Association of Virginia
Fairfax, VA – June 26, 2024 – Mya Tran-Harter, Senior Vice President,Construction & Senior Loan Officer (NMLS ID# 248295) at IntercoastalMortgage, LLC has been awarded the prestigious title of 2024 MortgageProfessional of the Year by the Home BuildersAssociation of Virginia (HBAV). Tran-Harter has been recognized for herexceptional work in the mortgage industry, demonstrating outstanding expertise,professionalism, and […]
Intercoastal Mortgage Company, LLC Appoints Steve Trautwein as Director of Military Lending
Intercoastal Mortgage, LLC, one of the largest independently owned residential mortgage lending operations in the Mid-Atlantic Region, has named Steve Trautwein, Director of Military Lending. Trautwein, based in Northern Virginia, is a Brown University graduate with more than 35 years’ experience in the financial services industry. He will continue to originate loans and bring Intercoastal […]
Intercoastal Mortgage, LLC Wins Home Possible RISE Award® for Outstanding Work with (Home Possible®/HFA Advantage®) Mortgages for Very Low- to Low-Income Homebuyers
Fairfax, VA – June 19, 2024 – Freddie Mac (OTCQB: FMCC) announced the winners of its Home Possible RISE Awards®. The annual program, RISE (Recognizing Individuals for Sustained Excellence), salutes Freddie Mac’s top clients across multiple categories for excellence with the Home Possible® and HFA Advantage® mortgage products – Freddie Mac’s affordable lending solutions for […]
Should You Use a 203(k) Loan to Renovate a Home?
If you’re thinking about either buying a fixer-upper or making significant renovations to your home, an FHA 203(k) loan might be a good funding option to consider. What Is an FHA 203(k) Loan? FHA 203(k) loans, also called renovation loans or mortgage rehab loans, cover both the cost of a home and the cost of […]
When Should You Refinance a Mortgage
Are you looking for an option to reduce the amount you pay on your mortgage each month? Refinancing a mortgage can be a great way to save money and lower your monthly payments. However, deciding to refinance a mortgage can be an intimidating process, especially if this is your first home. But timing is everything […]
Best Mortgage Options for First Time Home Buyers
Are you ready to take the plunge and become a homeowner for the first time? Congratulations! Homeownership is a milestone that brings with it many rewards, both financial and personal. But before you can enjoy these benefits, there’s one more important step—finding the right mortgage loan. And with so many different mortgage options available, it […]
Mortgage Preapproval vs Prequalification: What’s the Difference?
If you’re starting to think about buying a home, you probably know that you’ll need to get prequalification or preapproval for a mortgage early in the process. These terms can be confusing since they’re often used interchangeably. However, they are different steps, so it’s useful to understand how each one works. There can also be […]
YOUR ULTIMATE FIRST TIME HOMEBUYER GUIDE
This resource is designed to walk you through the exciting yet complex journey of buying your first home. Whether you’re just starting to think about homeownership or you’re getting ready to make your first offer, this guide will equip you with the knowledge and confidence to make smart, informed decisions. UNDERSTANDING THE BASICS The home-buying […]
