Category: Beyond the Mortgage

What Is a Mortgage Recast?

Philip Allman May 15, 2025 No Comments

If you’ve recently come into extra cash—like a bonus, inheritance, or proceeds from selling another property—you may be wondering how to use it to reduce your mortgage payments. A mortgage…

Grantor vs. Grantee: What’s The Difference In Real Estate?

Philip Allman May 1, 2025 No Comments

Grantor vs. Grantee. What’s the difference? When you’re buying or selling a home, legal terms can start flying fast — and some of them can be confusing. One of the…

HELOC vs. Mortgage: Which One is Right for you

Philip Allman March 18, 2025 No Comments

When it comes to financing a home, two common options homeowners consider are a home equity line of credit (HELOC) and a traditional mortgage. While both involve borrowing against your…

DSCR Loans: Unlocking Real Estate Investment

Philip Allman March 4, 2025 No Comments

Securing financing can be a major challenge for real estate investors, especially when traditional loan requirements don’t align with their financial situation. Fortunately, Debt Service Coverage Ratio (DSCR) loans provide…

Shot of a little girl having fun on a swing

What is a FICO Score? A Complete Guide for Homebuyers

Philip Allman February 14, 2025 No Comments

When you’re preparing to buy a home, one term you’ll hear often is “FICO score.” But what exactly is a FICO score, and why is it so important in the…

5 Ideas to Make Your New Year’s Resolution Stick

Mike Charles February 4, 2025 No Comments

Did you know that 80% of people who make a New Year’s resolution fail by the start of February? Whether you are trying to curb unwanted habits or establish new…

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ALCOVA Mortgage LLC | NMLS ID#40508 |

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Licensed in AL, AR, CO, DC, FL, GA, IL, IN, KY, LA, MD, MI, NC, OH, OK, PA, SC, TN, TX, VA, WA, WV | 308 Market Street SE, Roanoke, VA 24011