How the 28/36 Rule Affects Your Mortgage Amount

If you’re in the market to buy property, chances are you’ve figured out that for both the lender and the borrower, much of the process is a numbers game. For instance, as the borrower, you’re probably concerned about interest rates, home prices, and how large a mortgage you can comfortably afford. Conforming lenders deal with […]

Don’t Fall for Mortgage Foreclosure Scams

Before the global pandemic came crashing into our lives, foreclosures were at an all-time low. Unfortunately, that might not be the case for much longer. As of July 31, 2021, the two protections under the Cares Act that aided borrowers in financial distress due to the COVID pandemic — the foreclosure moratorium and the forbearance […]

Disabled Vets Can Expect Additional Benefits From Their VA Loans

Disabled Veterans have sacrificed more for our country than most of us ever will, and it’s only fitting that they receive special considerations when applying for a VA loan. Although they still need to qualify with credit and income to get a VA home loan, disabled Veterans who’ve received their injuries while in service often […]

Detangling Mortgage Interest Deductions In 2021

First, let’s clear up what mortgage interest is exactly. According to the Internal Revenue Service, home mortgage interest is any interest you pay on a loan secured by your property, meaning you offer that property as collateral for the money borrowed. This can be your primary home or a second home. The mortgage interest deduction […]

Budget For These 6 Upfront Expenses Before You Buy a Home

By the time potential homebuyers begin searching for their homes, they’ve typically penciled in a budget for the overall price of the house and their monthly mortgage payment. But there are other costs to consider when planning a homebuying budget. Upfront costs — the one-time expenses you’ll pay after you make an offer on a […]

Aligned Mortgage Year-Round Home Maintenance Checklist

Aligned Mortgage Year-Round Home Maintenance Checklist You’ve finally moved into your new house. The loan process is behind you; the movers didn’t break your big screen television, nor did they lose your grandmother’s china. So, you can now relax and start enjoying your new home. Well, hang on. Not so fast. Sure, the house looks […]

8 Reasons Why Refinancing From a Non-VA Into a VA Loan Makes Sense

Did you know that if you qualify, you could refinance any existing mortgage — yes, we’re talking conventional — into a VA loan? Quite a few borrowers aren’t aware of that fact, and at Aligned Mortgage, we want to show you all of the benefits that come from refinancing your FHA or conventional mortgage into […]

The New VA Home Loan – Taking the Mumbo Out of Jumbo Loans

VA Jumbo Loan FAQs Although we’ll answer questions and clarify the changes around VA jumbo loans, afterward, you should put the term out of your head because they no longer exist. Or, rather, the name doesn’t exist, but a VA loan covering a jumbo amount is still available to Veterans and active-duty military. And that’s […]