Read the latest blog posts from Paragon Home Loans. 

  • Amortization-What does that mean?

    When applying for a mortgage, the word “amortization” will come up frequently. Amortization is the most misunderstood term people encounter when applying for a mortgage to purchasing a home. This blog will break down what amortization means and provide a better understanding as it relates to your mortgage. The monthly mortgage payment will be determined by three things: Loan balance, Interest rate and term of the loan.  Repayment of the loan is done with monthly payments.  Part of the payment g

    Read More

  • Spring Market: Be Prepared to Act

    Spring Market: Be prepared to Act As the sun rises the harmony from the returning birds flows through air, the days are becoming longer, and grass is finally in sight. Spring is just around the corner and that means the busy season in real estate is here again. The fast pace of the spring market can be very intimidating especially for new time homebuyers. If you are planning on buying within the next few months follow these few tips to prepare yourself. Get preapproved with your lender If you

    Read More

  • Love makes A House A Home. Love your home this Valentine's Day

    Love Makes A House A Home. Love your home this Valentine’s Day February 14th, the National Day of Love, Candy, Flowers, and Gifts. One legend suggests the Origin of Valentine’s Day came from the story of St. Valentine who gave his life so couples could be united. February 14th was chosen because it was of ancient belief that lovebirds began to mate on that day.  Today we celebrate Valentines Day as a day of Romance and Love. Here are some tips on how we can show our home some sweetness too. Ge

    Read More

  • Do you need 20% down to buy a home? Don't drain your bank account just yet.

    Do you need 20% down to buy a home? Don’t drain your bank account just yet. With home prices on the rise, saving for a down payment might seem out of reach. This is especially true for first time home buyers who don’t have equity in an existing house yet. In 2021 homes saw an appreciation of over 17 percent. The average median house sold in Onondaga County was $185,000.00. That’s $37,000.00 down payment on the 20% rule! Now obviously the less you put down on your mortgage the higher your loan

    Read More

  • Three Home Trends for the 2022 Market

    Trend #1: Multi-purpose rooms! People are wanting to spend more time at home and that doesn’t appear to be ending anytime soon. Any rooms or open spaces that you can use in a variety of ways will hold a higher value to potential clients. The larger the room or space, the more uses you can find which drives more value. Some examples of those spaces are: home office, game room, spare bedrooms, home gym, craft room, a study, or a finished basement. If you are currently viewing homes to buy, make

    Read More