How to Use Home Equity Responsibly
Thinking about tapping into your home equity to fund renovations, invest in a business, or pay off debt? Many homeowners are exploring these options as home values rise. This trend has led to a significant increase in home equity financing. According to TransUnion, HELOC originations surged 41% and home equity loans rose 29% in the […]
5/1 ARM vs. 5/6 ARM: Key Differences
Elevated home prices and rising interest rates have sparked renewed interest in home loans that can lower monthly mortgage payments, like adjustable-rate mortgages (ARMs). If you’re shopping for a home, take the time to understand this mortgage option. This article explores the key differences between 5/1 and 5/6 ARM loans, crucial when considering adjustable-rate mortgage […]
Borrowing Home Equity: What’s Ideal for You?
Rising home values in 2022 and into 2023 have contributed to overall market volatility and made it more challenging to be a buyer. However, this real estate market has proven to be a boon to many homeowners who are content to stay put. That’s because higher home values mean they have more equity than ever. […]
AmeriSave Awarded USPS Connect Local Mail Award
AmeriSave Mortgage wins USPS Connect Local Mail Award AmeriSave Mortgage proudly Wins USPS Mail Award, a prestigious recognition from a premier organization highlighting our commitment to innovation and customer service. Our success with the Connect Local Mail program is rooted in our ability to execute innovative marketing campaigns effectively. Moreover, this program empowers us to […]
What is an Adjustable-Rate Mortgage?
An adjustable-rate mortgage (ARM) — sometimes referred to as a “variable rate mortgage” —offers the opportunity to save money through a low introductory interest rate. But it also has the possibility of a higher monthly mortgage payment once that introductory rate ends. If you’re the right kind of home buyer and you understand how to […]
Tips for Buying a House in High Interest Rates
Buying a home in a high-interest-rate environment requires careful planning and strategic decision-making. Despite these challenges, there are effective strategies to navigate this market and achieve your homeownership goals. Whether you’re considering adjustable-rate mortgages, shorter-term fixed-rate loans, or exploring other financial options, understanding how to manage in this environment can make all the difference. Anyone […]
A Guide to Mortgage Buydowns
For some prospective homebuyers, rising interest rates might make it feel like the dream of homeownership is slipping away. The good news is that even in a high-rate environment, you have multiple strategies to help you lower your interest rate or the total cost of your loan. One such strategy is the mortgage buydown. Mortgage […]
Using Gift Money for a Down Payment on a Home
Saving up tens of thousands of dollars for a down payment can be a daunting challenge, especially if you’re a first-time homebuyer. That’s why a significant monetary gift from a generous family member can be a game changer when you’re working out the finances of buying a home. However, when using gifts for a down […]