We work with many first-time homebuyers at Brightwire, and one of the common questions that we get is whether there are any mistakes to avoid when purchasing your first home. First-time homebuyers in New Jersey do not fit the national stereotype: 25 years old, with low credit scores, tons of student loan debt...

If you’re considering a mortgage refinance it may be challenging to decide if now is the right time and if the benefits outweigh the costs. There are three main reasons to refinance:

1.     The primary reason we have noticed clients refinancing in the current market is to obtain a larger loan amount and receive...

If you’re refinancing your mortgage, you will likely need an appraisal to determine the value of your home and the amount of equity you have built up. Appraisals are also used by lenders to determine the maximum loan amount available to a borrower. Most borrowers refinance their loan to either reduce their...

A mortgage is a loan taken out against a piece of real estate, such as a home or a commercial property. The loan is secured by the property, meaning that if the borrower defaults on the loan, the lender has the right to repossess (foreclose on) the property. Mortgages can be used to finance the purchase of a home...

There are many types of loans available. It is important to understand the different types of loans so you can make the best decision for your financial future. Here is a brief overview of the different types of loans and their features.

1. Personal Loans: Personal loans are unsecured loans that are typically used...