TruStone Financial Blog

Home-buying terminology can be somewhat intimidating. What in the world is escrow, anyway? We’re here to answer that question, quickly and painlessly.

So, you want to buy a home? Whether you are a first-time home buyer, an experienced buyer, or just looking to refinance a home loan, obtaining a mortgage can be stressful. To make your home buying process as seamless as possible, it is important to do your research and have a list of questions ready. At TruStone Home Mortgage, we work hard to make sure your next home purchase can be as easy as possible. Here are some of the most common and important questions to ask your Mortgage Consultant.

Buying your first home can be overwhelming. But if you break it down into simple steps, you can feel much more confident and focus on the excitement of the process rather than the stress of it. Here’s what you can expect when buying a home.

Saving for a house for most future homeowners is no easy task. But, with some tips from TruStone Mortgage to learn how much you can afford and strategies on saving for your home, the first home of your dreams may not be as out of reach as you think. Let us help you determine if this could be the year.

Buying a home can be complicated. Buying a new home when you already have a home adds to the complexity — and the stress. A lot happens at once, and if you miss something, it could be hazardous to a happy outcome. To help navigate this juggling act and set the stage for a smoother process from the start, this guide will help you understand potential challenges and provide tips to close on both deals.
 

Whether you’re a first-time home buyer, trading up or ready to refinance, it makes sense to learn all you can about mortgage interest rates. Here, you’ll find helpful answers to four commonly asked questions about the complex topic that is mortgage interest rates.
 

If you’re considering making the move from renting to homeownership, but still have reservations, consider these pros and cons to help you decide. Understanding what’s involved can help you make the decision that makes the most sense for you.

As you’ve probably heard, the Federal Reserve Board has discussed raising the Federal Funds Rate at least three times this year. This rate isn’t the only factor affecting the interest rates you pay on loans, but when it rises, other rates tend to increase, too. What will that mean to your monthly loan payments? That depends largely on the type of loan and, particularly, whether it has a fixed or variable rate. Here, we share insights to help you plan for potential change.