Learning Center

Can’t Qualify for a Mortgage? Here’s How We Can Help.

Are you ready to buy a home, but aren’t sure that you’ll qualify for a mortgage? Sometimes life’s circumstances throw you a curve ball and you don’t fit the standard mortgage qualification guidelines. At TILA Mortgage, we understand and are ready to serve you. So if...

Do I Really Need a 20% Down Payment?

The need for a down payment can be a major deterrent when you’re trying to buy a home. Traditionally around 20% of the total purchase price, that’s a hefty sum you need to save before you can even think about making an offer. The good news...

Are You Eligible for a USDA Loan?

The United States Department of Agriculture offers a mortgage loan program to home buyers in rural and suburban areas – with no down payment required! There are several different loan options available: the USDA Guaranteed Housing Loan, the USDA Direct Housing Loan (for low and...

Which Loans Require Little to No Down Payment?

As a potential home buyer, you may find the looming prospect of having to pay a hefty down payment entirely beyond your means. Even though you’re confident you’ll be able to make the monthly payments once you get into a home, amassing a large sum...

Is Investing in Real Estate A Good Idea?

That $20,000 you’ve got sitting in your bank account with a tiny interest rate will be worth less in five years after adjusting for inflation. Here’s the unfortunate thing - while it might feel secure just sitting safely in the bank, money that’s sitting idle...

Avoid These Pitfalls When Getting A Home Loan

Buying a house is one of the biggest decisions of your life – and likely one of the largest financial transactions you will be a part of. To avoid financial disaster, you need everything to go smoothly, without surprises. This is particularly true when you’re...

Understanding the Different Types of Mortgage Loans

If you’ve decided it’s time to buy a house, then it’s also time to get educated about your options. Homebuyers in the United States have lots of different choices, but before you make a decision you need to understand the different loan types – and what...

Is a Fixed-Rate Mortgage Loan Right for You?

Buying a home involves serious planning and careful decision making. The first step is to apply for a mortgage loan and fortunately, home buyers can choose from a seemingly endless array of mortgage loan products today. That is the good news. However, with so many options on...

How Does Mortgage Refinancing Work?

Home refinancing is a common practice in the mortgage industry. Put simply, it refers to the process of replacing an existing loan with a new loan. Why would a homeowner want to take on new loan instead of just keeping their current one? Refinancing actually allows...