HomeLend Mortgage Blog

We don’t expect you to know everything there is to know about buying a home. We provide you with expert service for a reason! Feel free to explore our blog to find some quick answers to all your home loan-related questions.

Your Home Loan Options Made Simple

Whether you’ve been living with family or renting with roommates, becoming a homeowner is a huge stepping stone in anyone’s life. Figuring out how to[…]

Credit Utilization Rate

You may be wondering how important credit utilization rate is in determining your credit score. The short answer? Very. The slightly longer but still[…]

Private Mortgage Insurance (PMI)

Private mortgage insurance, commonly abbreviated as PMI, is a monthly payment that protects lender against a loan foreclosure. For most loan types, PMI[…]

What are Points?

Points are used to pay for a reduced interest rate on a home loan. Each point correlates to one percent of the loan amount.

Annual Percentage Rate (APR)

The annual percentage rate gets a lot of borrowers confused when shopping for a loan. We know we should be looking for competitive interest rates, but[…]

Jumbo Loans

Just like the name implies, jumbo loans are catered to larger borrow amounts. These loans are specifically for loans exceeding $484,350 and loans over[…]

Adjustable Rate Mortgages

An adjustable-rate mortgage (ARM) is a loan program made up of two parts: a fixed rate period, and a series of rate adjustment periods. After the[…]

Fixed-Rate Mortgage

A fixed-rate mortgage is one of the most common type of home loans because it’s the least risky for the borrower. The borrower pays towards the loan[…]

Budgeting for a Future Home Purchase

Determining how much home you can afford takes some number crunching. Sure, you should look at the listing price -- but that's only one part of the[…]