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AVANCE FINANCIAL BLOG


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