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Fixed vs. Graduated vs. Interest-Only Mortgage Amortization

Fixed vs. Graduated vs. Interest-Only Mortgage Amortization

by Mark Maldonado | Jul 25, 2024 | Mortgage

When selecting a mortgage, one of the most critical decisions is choosing the right amortization schedule. This choice significantly impacts your monthly payments and the total interest you’ll pay over the life of the loan. Here, we’ll compare three common...
Financing Home Improvements with Renovation Loans

Financing Home Improvements with Renovation Loans

by Mark Maldonado | Jul 24, 2024 | Construction Loan

As a mortgage originator, I often encounter homeowners and buyers looking for ways to finance their home improvement projects. Renovation loans offer a fantastic solution, enabling you to upgrade and personalize your home while incorporating the cost into your...
The Importance of Employment History in Mortgage Approval and How Job Changes Impact Your Chances

The Importance of Employment History in Mortgage Approval and How Job Changes Impact Your Chances

by Mark Maldonado | Jul 23, 2024 | Home Mortgage

When you’re applying for a mortgage, lenders scrutinize several aspects of your financial life to determine your eligibility. One crucial factor that can significantly influence the outcome is your employment history. Consistent and stable employment...
What’s Ahead For Mortgage Rates This Week – July 22nd, 2024

What’s Ahead For Mortgage Rates This Week – July 22nd, 2024

by Mark Maldonado | Jul 22, 2024 | Financial Reports

The week after the inflation data reports was expected to be relatively quiet, with the most significant event being a meeting with Federal Reserve Chairman Jerome Powell. He remained tight-lipped about when rate cuts would happen, but given his demeanor, he did not...
How to Manage a Mortgage After a Career Change

How to Manage a Mortgage After a Career Change

by Mark Maldonado | Jul 19, 2024 | Mortagage Tips

A career change is usually an exciting journey, it offers new opportunities and growth. It can also bring challenges when you have a mortgage to manage. Balancing a new job and financial commitments can be stressful, but with the right strategies, you can stay on top...
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Federal Hill Mortgage Company, LLC is a broker and lender licensed in MD, DE, PA, VA, DC, NC & TX.

Company NMLS #176351. Equal housing lender.

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