Recast vs Refinance: Lower Payments, Keep Your Rate

Many homeowners with low-interest mortgages are looking for ways to lower their monthly payments without giving up their great rate. If you've recently come into a lump sum of money (an inheritance, a bonus, the sale of another asset, etc.), you have a couple of options. Two common choices are mortgage recasting and refinancing.

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Financial Housekeeping Tips for Homebuyers

Financial Housekeeping Tips for Homebuyers While you may have your down payment ready and a clear idea of your dream home, taking time to organize your finances is a crucial

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Why a Local Lender Matters for Your Pre-Approval

Discover why a local mortgage lender like Mortgage Specialists is your best choice for pre-approval in Omaha. Get personalized service and expert guidance.

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Inspection vs Appraisal: What’s the Difference?

Two key parts of your home purchase, the inspection and appraisal, often create questions for buyers.

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Refinancing During Divorce

The best option for handling your mortgage during a divorce depends on many factors including the loan itself and whether you or your spouse plan to live in your marital home.

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FHA Rules for Flipped Houses

When buying a home, especially for first-time buyers, navigating rules and regulations can be daunting. One of the lesser-known yet important guidelines to understand is the FHA 90-day rule for

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Questions to Consider Before Buying in a Competitive Housing Market

The housing market is heating up, and finding your dream home in Omaha can feel like a race against time. Homes are selling quickly, and buyers often face stiff competition

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What is the Difference Between a Seller’s Market, Normal Market, and a Buyer’s Market?

The real estate market is always changing, and understanding its ebbs and flows can make a big difference for homebuyers and sellers. Whether you’re in the process of buying your

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The First Steps to Buying a Home for a First-Time Buyer

Many dream of owning their first home, but taking that leap can feel overwhelming. At Mortgage Specialists, we’re here to break down the first-time homebuyer process into simple, manageable steps.

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Refinance to Drop Private Mortgage Insurance

Private Mortgage Insurance (PMI) can be a costly addition to your monthly mortgage payments, especially if you didn’t put 20% down when purchasing your home. But did you know you

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