Mortgage Resource Center Blog

Articles, News & Mortgage Information

At Allied First Bank, we pride ourselves on offering a comprehensive collection of the latest mortgage articles, news, and resources. Our goal is to ensure that you stay fully informed and up-to-date on all things related to mortgages. Whether you're looking for expert advice, industry trends, or valuable insights, we have a wealth of fresh and relevant content to meet your needs. Trust us to provide you with the most current and reliable information to help you make informed decisions regarding your mortgage journey.

VA Streamline Refinance and How it Works

VA Streamline Refinance and How it Works

If you're a veteran utilizing a VA home loan, there's an uncomplicated method for refinancing that could result in potential savings. Consider a VA streamline refinance, also known as a VA Interest Rate Reduction Refinance Loan (IRRRL). This option might help decrease your interest rate, reduce your mortgage term, or minimize your monthly payment, frequently without the need for an appraisal or credit underwriting. Here’s what you need to know about VA streamline refinances: What is a VA streamline refinance (VA IRRRL)? VA streamline refinance loan benefits Drawbacks of VA streamline refinance loans VA streamline refinance eligibility guidelines VA IRRRL…

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Do I Qualify for a VA Loan? Understanding Your Eligibility and Benefits

Do I Qualify for a VA Loan? Understanding Your Eligibility and Benefits

For veterans and active-duty service members, VA loans represent an incredible opportunity to own a home with favorable terms and 100% financing. Understanding whether you qualify for a VA loan and the benefits it offers can significantly impact your homeownership decisions. Qualifications for a VA Loan The Department of Veterans Affairs (VA) sets specific criteria that applicants must meet to be eligible for a VA loan. These qualifications are centered around service history, duty status, and financial readiness. Service Requirements: Veterans: Must have served 90 consecutive days of active service during wartime, or 181 days of active service during peacetime.…

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Allied First Bank's Nationwide Lending Services

Allied First Bank's Nationwide Lending Services

VA Home Loan Agency Near Me: Allied First Bank When it comes to securing a home loan as a veteran or active-duty service member, finding a reliable and experienced VA home loan agency is paramount. The search for a "VA Home Loan Agency Near Me" often leads to various options, but one standout choice for nationwide assistance is Allied First Bank. Understanding the transient nature of military life, Allied First Bank offers consistent, top-tier services to those who have served our country. Whether you have received PCS orders to another part of the country or are looking to make a…

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Best VA Mortgage Lender

Best VA Mortgage Lender

Allied First Bank, established in 1994, is a community bank that has evolved to meet the changing needs of its customers, including military veterans. The bank offers a range of services, including VA loans, which are an important option for many veterans and active-duty service members. In fact, Allied First Bank has helped thousands of military families and Veterans take advantage of their VA benefits by providing access to some of the best programs and lowest rates in the industry. Choosing the best VA lender, like Allied First Bank, requires understanding what VA loans are, their benefits, and what to…

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The Ultimate Guide to Wilmington Home Loans

The Ultimate Guide to Wilmington Home Loans

Your Path to Home Sweet Home Hey there, future homeowner! We're thrilled to be your partners on this exciting journey to owning your dream home in Wilmington. Welcome to the ultimate guide that will not only demystify the world of Wilmington home loans but also provide you with insights into how Allied First Bank of The Carolinas can make your homeownership dreams come true. Understanding the Basics of Wilmington Home Loans At Allied First Bank of The Carolinas, we understand that a home is more than just bricks and mortar; it's where memories are made. A Wilmington home loan, often…

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Making Your Military Moves Seamless with Allied First Bank

Making Your Military Moves Seamless with Allied First Bank

As military personnel, frequent relocations, or Permanent Change of Station (PCS) orders are a part of the job. It's an exhilarating journey that takes you from one base to another, sometimes even across borders. However, one significant concern during these relocations is dealing with finding a new home and applying for a new mortgage. This is where we at Allied First Bank come in to ease your burden. With a vast array of offerings, we ensure that your transition is as smooth as possible. Here are just a few reasons why Allied First Bank is the right choice when you…

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FHA Streamline Vs. Cashout: What's the difference?

FHA Streamline Vs. Cashout: What's the difference?

With mortgage rates expected to decline in the next year, now is a great time to make yourself aware of your refinancing options so you’re ready to take advantage of the high home values and lower interest rates. Soon, the Federal Housing Administration (FHA) loans are going to play a significant role in assisting homeowners to achieve their financial goals. Two specific types of FHA loans, FHA Streamline Loans and FHA Cash-Out Loans, serve different purposes and cater to distinct financial scenarios. Gaining a clear understanding of their differences can be beneficial for potential borrowers seeking to refinance their mortgage.…

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How Long Does it Take to Get A Mortgage Pre-Approval?

How Long Does it Take to Get A Mortgage Pre-Approval?

Getting pre-approved for a mortgage is an important step in the home buying process. It can help you determine how much you can afford to borrow and give you an idea of the interest rate you may qualify for. The pre-approval process typically takes between 1-3 days, but there are several factors that can impact the timeline. 1. Completing the Application The first step in getting pre-approved for a mortgage is completing the application. This involves providing information about your income, assets, and debts, as well as your credit score. The application process can take anywhere from 30 minutes to…

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Am I ready to Buy a House?

Am I ready to Buy a House?

Buying a house is a significant financial and personal decision that requires careful consideration and planning. It is not something to be taken lightly, as it will have a significant impact on your life and finances for years to come. If you are asking yourself, "Am I ready to buy a house?" there are a few important factors to consider. 1. Financial Stability One of the most important factors to consider when determining whether you are ready to buy a house is your financial stability. Owning a home comes with many financial responsibilities, such as paying for a mortgage, property…

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When is the Best Time to Buy a House?

When is the Best Time to Buy a House?

Buying a house is a big decision, and timing is crucial when it comes to making the purchase. The housing market can be unpredictable, and the best time to buy a house can vary depending on several factors. Here are some considerations for when the best time to buy a house might be. 1. Off-Season The housing market tends to slow down during the winter months, making it an ideal time to buy a house. Many sellers are motivated to sell during this time and may be willing to negotiate on the price or offer other incentives, such as paying…

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5 Homebuying Myths and Common Misconceptions

5 Homebuying Myths and Common Misconceptions

Buying a home is a major life decision that requires a considerable amount of planning, research, and effort. Unfortunately, there are many myths and misconceptions about the home buying process that can lead to confusion and mistakes. In this article, we will explore five of the most common homebuying myths and misconceptions and provide clarity on each of them. Myth #1: You need a 20% down payment to buy a home Many people believe that they need to save up 20% of the home's purchase price as a down payment to qualify for a mortgage. While it is true that…

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Request a Consultation with an Allied First Bank Loan Specialist

Allied First Bank of The Carolinas

  • Michael Parker
  • info@afbcarolinas.com
  • (800) 697-4371
  • MPO NMLS#: 457569
  • AFB NMLS#: 203463
  • 3804 Peachtree Ave.
  • Suite 200
  • Wilmington, NC 28403

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Recent Mortgage Articles

VA Streamline Refinance and How it Works

VA Streamline Refinance and How it Works

If you're a veteran utilizing a VA home loan, there's an uncomplicated method for refinancing that could result in potential savings. Consider a VA streamline refinance, also known as a VA Interest Rate…

Do I Qualify for a VA Loan? Understanding Your Eligibility and Benefits

Do I Qualify for a VA Loan? Understanding Your Eligibility and Benefits

For veterans and active-duty service members, VA loans represent an incredible opportunity to own a home with favorable terms and 100% financing. Understanding whether you qualify for a VA loan and the…

Allied First Bank's Nationwide Lending Services

Allied First Bank's Nationwide Lending Services

VA Home Loan Agency Near Me: Allied First Bank When it comes to securing a home loan as a veteran or active-duty service member, finding a reliable and experienced VA home loan agency is paramount. The…

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