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. 

Credit Utilization Rate

You may be wondering how important credit utilization rate is in determining your credit score. The short answer? Very.

Private Mortgage Insurance (PMI)

Private mortgage insurance, commonly abbreviated as PMI, is a monthly payment that protects lender against a loan foreclosure. 

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.

Jumbo Loans

The Federal Housing Finance Agency (FHFA) sets a baseline loan limit across the country.

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. 

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.