A mortgage is an agreement between you and a lender that allows you to borrow money to purchase or refinance a home and gives the lender the right to take your property if you fail to repay the money you've borrowed.
Yes, refinancing can be a smart move when interest rates drop. It’s like finding a sale on your mortgage—lower monthly payments could be on the horizon!
Absolutely! Aurora has several programs designed to give first-time homebuyers a leg up. These can include down payment assistance and educational workshops.
Choosing a lender is like finding the right shoe; it’s all about comfort and fit. Look for one with good reviews, transparent terms, and a solid track record.
In Aurora, you can find a mix of fixed-rate mortgages, adjustable-rate mortgages (ARMs), FHA loans, and VA loans. There’s something for everyone depending on your needs.