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Choosing a mortgage is about more than finding an interest rate. Asking the right questions can help you better understand your options, compare the costs, and choose financing that fits your goals. By Sandy Biondo | Consolidated Lenders Group Buying a home comes with a lot of decisions. Where do you want to live? How much are you comfortable spending? What type of home are you looking for? Then comes another important decision: Which mortgage makes sense for you? Mortgage op

The interest rate matters—but it’s only one part of the picture. Understanding the differences between mortgage options can help you choose financing that better fits your goals, budget, and plans for the future. By Sandy Biondo | Consolidated Lenders Group When you're shopping for a mortgage, it's easy to focus on one number: The interest rate. While the rate is certainly important, it doesn't tell you everything about a mortgage. Two loan options can have similar interest r

Your home may be more than a place to live. Over time, it may also become one of your most valuable financial assets. Understanding your home equity can help you make more informed decisions about your mortgage and future. By Sandy Biondo | Consolidated Lenders Group If you've owned your home for a while, you've probably heard someone say: “You have equity in your home.” But what does that actually mean? In simple terms, home equity is the difference between your home's curre

Refinancing isn't only about getting a lower rate. The right decision depends on your current mortgage, your goals, the costs involved, and how long you plan to stay in your home. By Sandy Biondo | Consolidated Lenders Group If you already own a home, you've probably heard people talk about refinancing when mortgage rates change. But a lower rate doesn't automatically mean you should refinance. A refinance replaces your existing mortgage with a new loan. That means you'll hav

You may need less than you think. Understanding your options can help you decide what makes sense for your finances and your home-buying goals. By Sandy Biondo | Consolidated Lenders Group Buying a home often starts with one big question: “How much money do I need for a down payment?” Many buyers assume the answer is 20%. While putting 20% down can have advantages, you don't necessarily need a 20% down payment to purchase a home. The amount you may need depends on several fac

Buying a home is exciting, but knowing where to begin can sometimes feel overwhelming. A little preparation—and the right guidance—can make the process much easier to understand. Whether you're planning to purchase soon or simply wondering what may be possible, understanding your finances and financing options is a helpful first step. 1. Start With Your Financial Picture Before falling in love with a house, take some time to look at your overall finances. Your income, existin