Redwood Mortgage Services Blog

Preparing for Your First Mortgage Payment: Key Details to Know

After buying your home, it’s time to prepare for your first mortgage payment. At Redwood Mortgage Services we want to help you get off to a great start owning your new home! Here’s everything you need to know about your first mortgage payment,

Nov 12, 2024 | Purchasing a Home FHA Loans First-time Homebuyers Mortgage VA Loans

Is FHA Streamline Refinance Right for You?

If you've ever thought refinancing your home was as challenging as climbing a mountain, you’re not alone. Fortunately, for homeowners with an FHA loan, the FHA Streamline Refinance program offers a simpler way to achieve lower payments and potential

Nov 05, 2024 | Refinancing a Home FHA Loans Mortgages Government Loans

Understanding Mortgage Rates: A Guide for First-Time Homebuyers

Becoming a homeowner for the first time is an exciting yet complex process, filled with many decisions. One of the most important choices you’ll make is understanding mortgage interest rates, as they will affect your financial future for years to co

Sep 24, 2024 | Purchasing a Home First-time Homebuyers Mortgage Advice Mortgage FHA Loans

Understanding FHA Loans: A Path to Affordable Homeownership

Understanding FHA Loans: A Path to Affordable Homeownership Hello future homeowners! At Redwood Mortgage Services, your trusted mortgage partner in Annapolis, MD since 1999, we understand that buying your first home is a significant milestone

Oct 12, 2023 | First-time Homebuyers mortgage brokers Purchasing a Home FHA Loans Mortgage Mortgages Mortgage Advice Home Equity #borrowlocal

How to Avoid Private Mortgage Insurance (PMI)

Imagine you're on the edge of diving into homeownership—super thrilled to claim a piece of the real estate pie. But wait a minute! There's a sneaky hurdle called Private Mortgage Insurance (PMI) lurking in the shadows. Buckle up, because we're about

Sep 12, 2023 | Purchasing a Home Mortgage Advice First-time Homebuyers FHA Loans

Do I Have to Pay Private Mortgage Insurance?

Lenders often require borrowers to pay for private mortgage insurance (PMI) on top of their mortgage loan. PMI is a type of insurance that actually protects the lender, not the borrower, against default and loss. If the borrower contributes less than a 20

May 16, 2023 | FHA Loans Mortgages First-time Homebuyers Government Loans Mortgage Advice mortgage brokers

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