Mistowski's (mistowski) Blog

Most borrowers are looking at preowned homes. Even if new buildings are popular in your area, lot size, location, and price can all lead you to choosing a preowned home instead. But what should you be looking for? Here are some tips to help you through the process. #1 Windshield Shop To Target Ho...

When you closed on your home, you signed a whole stack of documents, which you likely just skimmed at best. However, in that stack of papers was what's known as a promissory note. Now would be a good time to dig up that note and take a closer look because it's an important document that you shoul...

Mortgage refinancing often brings about a lot of questions. In this article, we'll answer some of the most common.  What Is Refinancing Your Mortgage?Mortgages are a very long-term deal. Most borrowers sign up for a 15 or 30 year loan. If you choose a fixed-rate loan, you've locked in an interest...

If you are looking to get married and buy a home, you are probably fluttering with excitement. However, these are all very big steps to take in your relationship and in your life, which is why it is worth both of you taking some time to review your financial wellness and stability to ensure you h...

Myth #1: Borrowing Value Is CappedUnlike many other loans, the Veterans Affairs home loan program does not cap the loan-to-value ratio, or LTV, of a mortgage. In other words, your loan can be up to 100% of the home’s value. So, if you qualify for the program and you are looking at a $150,000 home...

Saving for a down payment is often the hardest part of purchasing a home. With conventional loan programs requiring 20% down or more and government programs still requiring a minimum of 3%, people often struggle to come up with the money to get themselves into their very own home.Fortunately, the...