An assumable mortgage allows a qualified buyer to assume the remaining balance and terms of the seller’s current mortgage loan, including the rate, repayment period, current principal balance, and additional terms of the mortgage. We've put together the video below to walk you through more information on a loan assumption.
With the weather warming up, many homeowners are looking for simple yet impactful home improvement projects to complete this spring. Check out our list of the most popular DIY projects below for inspiration!
With mortgage rates forecasted to dip in 2024, there is potential for a boom in buying and selling, as well as room for potential refinance opportunities for homeowners.
Here at Carrington, we want to set you up for success on your homeownership journey. From home equity tools to paperless billing and AutoPay, here are some resources to help you streamline your homeownership needs.
Since its inception in 2011, the Carrington Charitable Foundation (CCF) has supported nonprofit organizations and communities across the United States through causes that reflect the interests of Carrington leaders and our Associates. In Sept. 2019, CCF introduced a Round Up program for Carrington Mortgage Services (CMS) customers that provides them with an easy way to support the great work CCF is doing in communities across America by “rounding-up" their monthly mortgage payment to the nearest dollar, with the additional amount being made as a donation to CCF. Recently, the Round Up program reached an important milestone: hitting the $500,000 mark for donations to support CCF programs for combat wounded Veterans across the United States.
Lenders use many factors to evaluate a customer’s loan application, and credit scores are one important element. The better your credit is, the more likely you will be approved for a loan at the best possible interest rate the lender has to offer. Some lenders offer solutions that are beneficial to those with lower credit scores too, so don’t dismay.
Making small changes within living spaces can have a significant impact on reducing our carbon footprint. Here are some practical tips on incorporating sustainability into your home.
As a Veteran, Servicemember, or eligible surviving spouse, you may eligible for a loan from the Department of Veterans Affairs, also known as a VA loan, with special benefits. We thank you for your service and have provided the information below to assist you in your journey to homeownership.
Four times a year, we’ll update you with what’s happening in the mortgage and real estate sectors – as well as what we think is coming next.
Life is full of to-do lists, and with digital payment options at Carrington, you can cross one thing off yours with ease! These digital payment methods allow you flexibility for 24/7 access to make your payments. Here are some highlights below:
