Category: All Articles

How To Get Rid Of PMI (Private Mortgage Insurance)

Philip Allman July 16, 2025 No Comments

If you’re a homeowner, you’ve probably heard of PMI—Private Mortgage Insurance. While it’s a common part of many home loans, it’s also one of the first things many borrowers want…

Fannie Mae and Freddie Mac: What They Do and Why They Matter to Homebuyers

Philip Allman July 9, 2025 No Comments

If you’ve started exploring the mortgage process, you’ve likely heard of Fannie Mae and Freddie Mac. While their names might sound like characters from a classic sitcom, these organizations actually…

How Many Mortgage Points Can I Buy? Understanding the Cost, Limits, and Benefits

Philip Allman July 8, 2025 No Comments

When shopping for a mortgage, you’ll likely hear the term “mortgage points” or “discount points.” These points are one of the most effective tools homebuyers can use to lower their…

What Is Escrow In a Mortgage?

Philip Allman June 27, 2025 No Comments

Let’s Talk About Escrow — What Is It, Really? If you’re buying a home, you’ve probably heard the word escrow tossed around. It sounds fancy. Maybe even a little intimidating.…

What Are Seller Concessions? A Buyer’s Guide

Philip Allman June 27, 2025 No Comments

When buying a home, every dollar counts. One way to make a home purchase more affordable—especially in a high-interest or high-cost market—is through seller concessions. But what exactly are they,…

Unlock Home Equity Quickly with a Fast HELOC from ALCOVA

Philip Allman June 11, 2025 No Comments

When life throws financial curveballs—such as emergency expenses, sudden home repairs, or a need to consolidate high-interest debt—you need a solution that delivers speed and reliability. Unfortunately, traditional Home Equity…

How To Use Your Home Equity To Consolidate Debt

Philip Allman June 6, 2025 No Comments

Are you feeling overwhelmed by high-interest credit card bills, personal loans, or medical debt? If you’re a homeowner, your home equity could be the key to regaining financial control. At…

What Is an FHA Streamline Refinance?

Philip Allman June 4, 2025 No Comments

If you have an existing FHA loan, you may be able to reduce your monthly mortgage payments quickly and easily with an FHA Streamline Refinance. At ALCOVA Mortgage, we help…

What is a Mortgage Loan Officer?

Philip Allman May 27, 2025 No Comments

A mortgage loan officer (also called an MLO or loan originator) is a licensed financial expert who helps borrowers apply for and secure a mortgage. Whether you’re buying your first…

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…

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