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Churchill Mortgage Blog

New Conforming Loan Limits Help Borrowers Avoid Jumbo Loans

Posted by Churchill Mortgage on Dec 13, 2018 9:46:50 AM

A lift in the loan limits for the country’s most popular loans is great news for home shoppers in 2019.  This increase reflects the growing average cost of homes, allowing more home buyers to borrow within the newly capped amount to avoid getting jumbo loans (which typically come with higher interest rates). The result is beneficial to those looking to purchase a home in 2019.

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Topics: Home Purchase

The Best Days to Buy a House

Posted by Churchill Mortgage on Dec 4, 2018 2:58:14 PM

There are many ways to maximize your money during the home buying process. One of those ways is figuring out when it’s the best time to buy a house.

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Topics: Home Purchase

Thinking About Buying an Investment Property?

Posted by Churchill Mortgage on Nov 27, 2018 9:43:42 AM

First things first — what is an investment property? It’s property that you own to generate rental income or profit upon resale. And oftentimes, getting a mortgage on an investment property is a little different than securing a home loan for a personal or primary house.

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Topics: Home Purchase, Build Wealth

What You Need to Know About Buying & Selling a House in Today's Real Estate Market

Posted by Churchill Mortgage on Nov 14, 2018 1:08:57 PM

As a repeat home buyer, things can get a little trickier for you since most of the time you’ll need to sell your current home while you look to purchase a new one. This tends to add a layer of stress to the home buying process that first-time home buyers don’t experience.

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Topics: Home Purchase, Homeowner Tips, Build Wealth

Buying a Home for the First Time? Be Sure to Cut Your Costs

Posted by Churchill Mortgage on Nov 2, 2018 2:24:34 PM

Buying your first home is exciting. At Churchill Mortgage, we want you to have a home loan that you feel good about today while also looking at your long-term financial goals. We also think it’s important for you to know all about the process of buying a house and what to expect along the way.

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Topics: Home Purchase, Build Wealth

The Highs and Lows of Interest Rates: Historical Averages & Trends

Posted by Churchill Mortgage on Oct 19, 2018 9:28:36 AM

If you’re in the market to buy a new home or refinance your mortgage, you’ve probably been keeping an eye on the interest rates. These mortgage interest rates fluctuate and vary based on what type of loan you have, and the overall amount and the timeline of the loan (15-year, 20-year, 30-year). As you watch the rates, it’s important to know some of the history and reasoning behind these numbers.  

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Topics: Home Refinance, Home Purchase

Market Watch: September 2018

Posted by Joshua Phillips on Sep 26, 2018 10:59:44 AM

While much of 2018 has been an up and down roller coaster with interest rates, we know the overall long-term trend with mortgage interest rates is for rates to move higher. The summer months were fairly calm with rates slowly moving up and down a small amount. But that gentle up and down trend stopped at the beginning of September. Rates seem to be rapidly rising and have so far reached their highest levels of 2018. The primary reason for this is the strong economy. 

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Topics: Home Refinance, Home Purchase

Thinking About Getting a Mortgage? Be in the Know and Check Out These FAQs You May Be Asked

Posted by Churchill Mortgage on Sep 19, 2018 9:38:55 AM

If you’re planning on buying a home, part of the application process is answering questions about your finances, credit and what your timeline to purchase looks like. At Churchill Mortgage, we emphasize communication to make sure you feel confident through all stages of your mortgage experience.

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Topics: Home Purchase

What Does Escrow Really Mean and How Does it Work with a Mortgage?

Posted by Churchill Mortgage on Sep 12, 2018 10:21:06 AM

During the home buying process you’ll hear the term “escrow” quite a bit (or “impounds” if you’re in California or Hawaii), so it’s important to know what this term means for you once you close on your home and the property becomes officially yours!

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Topics: Home Purchase, Build Wealth

4 Innovative Ways to Save for a Down Payment on Your New Home

Posted by Churchill Mortgage on Sep 5, 2018 11:24:37 AM

Most people feel confident they have the monthly payment covered when they buy a home … it’s often the down payment that is the toughest thing to save for in advance. If you’re struggling with saving for your down payment, we have some great ideas from our customers that we thought we’d share!

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Topics: Home Purchase