AVANCE FINANCIAL BLOG

Cal Crismore

VA Loan: A Complete Guide

Veterans, service members and qualifying spouses can all get a low-cost mortgage by taking advantage of a VA loan — one of the many...

Cal Crismore

FHA 203(k) Loans: A Complete Guide

An FHA 203(k) loan – also commonly known as a renovation loan or mortgage rehabilitation loan – is a government-backed loan that can be...

Cal Crismore

Churning a Loan, What is it?

Churning a loan is an illegal practice that some lenders use to take advantage of borrowers. Churning a loan is when the lender...

Cal Crismore

What is a Reverse Mortgage?

What is a Reverse Mortgage? A reverse mortgage is a home-equity loan for individuals who are over the age of 62 provided by the US...

Cal Crismore

What is a Non-QM Loan?

Buying a home is part of the American dream, but what if you don't qualify through conventional channels? Self-employed and other non-W2...

Cal Crismore

How Do You Get A Mortgage For A Rental Property?

As a newbie real estate investor, purchasing your first rental property is a significant step forward. Aside from selecting a potentially...

Cal Crismore

Benefits of a Local Mortgage Lender

We know how frustrating it is to constantly communicate with different people during your home-buying journey. As your local Albuquerque...

Cal Crismore

How To Save For A Down Payment on a Tight Budget

If you're a homebuyer in Albuquerque, New Mexico or across the United States, you've probably wondered how to save for a down payment...

Cal Crismore

Increased Interest Rates

New Mexico houses are quickly being sold. In the current housing market, mortgage interest rates are considerably higher than they were...

Cal Crismore

Why Use a Mortgage Broker

You live in Albuquerque New Mexico or surrounding areas and you are considering going to your bank or credit union, using an online...

Cal Crismore

It's Still a Good Time to Buy a Home in Albuquerque; Here's Why

Are you thinking of buying or building a home in New Mexico? If so, you're making a smart decision—this is still a great market to buy...