Pros & Cons of Different Mortgages

If you’re looking to buy a home, then you’re probably not just shopping for property, but also for a mortgage. But there are so many different types of mortgages out there. Here are some of the most popular loans available, and what you should know about them:
Different Lengths
The most common mortgage has a length of 30 years. That means that if you make all of your payments in fu…

FHA vs Conventional

Home buyers should evaluate both conventional and FHA loans. This article will explain the pros and cons of each loan type. Please call us at 314-329-7314 with any specific questions.
Background:
Conventional Loans: Comply with guidelines set by FNMA and Freddie Mac. The maximum Loan Amount for a conforming conventional loan is $417,000. Any higher amount is called a non-conforming Jumbo…

How to improve your retirement savings

Reports on retirement savings often paint the same picture: Americans aren’t saving enough.

A recent study released by the Schwartz Center for Economic Policy Analysis at the New School indicates that those who don’t save enough run the risk of a lower standard of living in retirement — if they can retire at all. Social Security benefits were never meant to replace income, and t…

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