888-472-3330
SLinton@LamCap.net
Apply Now
Secure Doc Upload
LamCap Partners Logo

Contact Us 888-472-3330

Apply Now 

Blog

Blog Image: Should I Go with a 15-Year Fixed or 30-Year Fixed Loan?

Should I Go with a 15-Year Fixed or 30-Year Fixed Loan?

 In the past, most would probably go with a 30-year fixed-rate loan. With interest rates are so low at the moment, is it time to consider a 15-year loan instead? What are the differences, and which one is the best fit for you? What’s the Difference Between the Two? The big differences between the two loans are the number of payments and the amounts of those payments. With a 15-year fixed loan, you will have 180 total payments, while a 30-year fixed loan will have 360 payments. This means that if you were to borrow $100,000, the 15-year loan payments would be higher every m...

February 17th, 2021 Should I Go with a 15-Year Fixed or 30-Year Fixed Loan?

Blog image: Important Questions to Ask Your Mortgage Lender

Important Questions to Ask Your Mortgage Lender

As a mortgage lender, not only is it our job to provide excellent service and great rates, but it’s also our job to make sure you feel comfortable and informed as you take your initial steps towards buying a home. We know that this is a competitive business, so we’ve listed three good questions to ask whichever lender you choose below. How Many Types of Loans Do You Offer? Some lenders offer multiples types of loans, while others specialize in a specific type of loan. It’s important to choose a lender that fits with your specific financial situation, but to be fair,...

February 4th, 2021 | Important Questions to Ask Your Mortgage Lender, Important Questions to Ask Your Mortgage Lender

Blog image: Understanding Closing Costs

Understanding Closing Costs

Let’s face it, getting a mortgage is a tricky business. There are all different loan types, payment types, and many little details to keep in mind. One crucial aspect that tends to slip the mind of previous and new homeowners alike is closing costs. The fact is, you’ve got to meet those closing costs before you can officially get those coveted house keys. Our team at LamCap Partners is here to walk you through a few details to help you feel a little more prepared. How Much Are Closing Costs? Closing costs typically range from 2% to 5% of the home’s purchase price. T...

January 18th, 2021 | closing costs, Understanding Closing Costs

Blog image: Some New Year's Resolutions to Help You Buy Your First Home

Some New Year's Resolutions to Help You Buy Your First Home

It felt like it was never possible at times, but guys, 2020 is finally over! Huzzah! With COVID-19 vaccines on the horizon, there is officially some light at the end of what has been a long, dark tunnel. It’s time to make the present a pleasant experience, and that might perhaps start with beginning the journey to becoming a first-time homebuyer! We’ve listed some resolutions to add to your new year’s list below. Save for Your Down Payment When it comes to buying a home, it’s all about saving money. No matter the loan you end up getting, a down payment is n...

January 5th, 2021 | buying first home, Some New Year's Resolutions to Help You Buy Your First Home

Blog Image: What to Consider Before Buying a Vacation Home

What to Consider Before Buying a Vacation Home

Buying a vacation home can be a great investment, whether or not you choose to live in it or even rent it out. However, as you probably already know, buying a home is a big deal. Things like your finances and your lifestyle need to be squared away before pulling the trigger, so how are you supposed to know if you’re ready to buy a vacation home? Read on as our team at LamCap Partners walks you through a few things to be aware of. First, Can You Afford It? This should definitely be your top concern before even considering the idea. If you have purchased a home before, it’s hig...

December 17th, 2020 | buying vacation home, vacation home tips, What to Consider Before Buying a Vacation Home

Blog image: Helpful Home-Buying Lingo

Helpful Home-Buying Lingo

The homebuying world is full of complicated words, confusing terms, and acronyms. If you have never bought a home before, all these words and acronyms can be a little overwhelming and very confusing. While there are more terms than what we’ve included, our team at LamCap Partners explains some frequently used terms in the home-buying world below. PMI (Personal Mortgage Insurance) Personal mortgage insurance is a type of insurance that you may be required to purchase if you have a conventional loan. It is usually required when your down payment is less than 20% of the purchas...

December 1st, 2020 | home buying, home buying lingo, loan lingo, Helpful Home-Buying Lingo

Pages: 1 2 Next >