What Does a Mortgage Payment Include?

As with most loans, a portion of the repayment goes towards the principal of the loan, which is the money that you have borrowed, and another portion goes to the interest, which is the cost of borrowing that money. A mortgage payment often includes a couple of more segments, which are taxes and insurance. TakenContinue reading “What Does a Mortgage Payment Include?”

Why it’s a Great Time to Buy in Chesapeake

So you’ve found a lender and you have found an agent, whats next? Buying a home can be challenging, especially for a future first time homeowner. There are a ton of requirements, and paperwork you have to sign can seem like the beginning of an expensive relationship. Well your in luck! I’m here to helpContinue reading “Why it’s a Great Time to Buy in Chesapeake”

5 Steps to Take if You Need Forbearance Relief

2020 has been a year of unexpected hardship for a lot of people, including homeowners. Many have been faced with a need for help with their mortgages. If you find that you may be in this situation, this may help. Mortgage forbearance gives you a break or a pause in your mortgage. The Consumer FinancialContinue reading “5 Steps to Take if You Need Forbearance Relief”