Mortgage Loans

Retired couple talking and shaking hands with their financial advisor.
September 26, 2023

HELOC Payment Shock? Here’s How HECM Can Help.

While a Home Equity Line of Credit, or HELOC, can be a worthwhile path to getting the cash you need, it’s far from the only way to empower yourself financially. HELOCs can carry variable interest rates, and high monthly payments

Mortgage Loans
Young Latino family looking at a computer together.
September 19, 2023

Are No SSN Loans For Real? A Comprehensive Guide to ITIN Loans

Many people believe that having a Social Security Number (SSN) is absolutely necessary for a mortgage. However there is an alternative called an Individual Taxpayer Identification Number (ITIN) loan. ITIN loans are designed for borrowers who do not have an

Mortgage Loans
Young couple reviewing documentation at a desk.
September 12, 2023

TFSB Basics: What is a Conventional Mortgage?

For the first-time homebuyer, grasping the difference between a conventional mortgage and a non-conventional mortgage is going to be important. Since many lenders, including The Federal Savings Bank, offer both kinds of mortgages (conventional and non-conventional), it’s a good idea

Mortgage Loans
Young couple closing on their new home and shaking hands with their loan officer.
September 7, 2023

The Homebuying Process: What Happens on the Closing Date For Your First Home?

The closing date for your new residence is a pivotal moment in the homebuying process. Closing marks the culmination of a process that began with the dream of owning your first home. Especially if this is your first time navigating

Mortgage Loans
TFSB Basics: What is a Refinance?
September 6, 2023

TFSB Basics: What is a Refinance?

In a sense, there are only two main categories of mortgage loans: a purchase mortgage, which you apply for when you buy a home; and a refinance, which pays off and replaces the current existing mortgage on your home. Maybe

Mortgage Loans
Young happy couple looking at something on a laptop together.
August 3, 2023

Who Are Fannie Mae and Freddie Mac? Loan Programs Explained

Purchasing a home can seem overwhelming—especially when people keep talking about Fannie and Freddie. What does that mean? Where do they fit in the homebuying process? With the right lender and resources, the process doesn’t have to be complicated. At

Mortgage Loans