Yes, you can refinance an adjustable-rate mortgage (ARM) into a fixed-rate loan—and for many homeowners, it’s one of the smartest financial moves they’ll ever make. While refinancing may sound like a simple swap of interest rates, the re
Jan 20, 2026 | Refinancing a Home
Retirement offers the opportunity to adjust your lifestyle and focus on long-term comfort. For many retirees, purchasing a new home is an important part of this transition. Establish Your Priorities Before starting your search, define your must-haves and
Jan 13, 2026 | Purchasing a Home
A high mortgage payment can quietly strain your budget month after month. The good news is that your payment is not fixed forever. With the right strategies, many homeowners can reduce their monthly obligation and free up cash for other priorities. Refina
Jan 06, 2026 | Refinancing a Home
FHA loans provide accessible homeownership opportunities through lower down payment requirements and flexible credit standards. However, some applicants fall just short of standard qualification criteria. FHA compensating factors offer a solution by allow
Dec 30, 2025 | Purchasing a Home
As the holiday season fills our hearts with joy and our homes with warmth, we want to take a moment to wish you and your family a very Merry Christmas! From all of us at Petra Mortgage, thank you for being such an important part of our year. Your trust an
Dec 23, 2025 |
Choosing between a starter home and a forever home represents one of the most significant financial decisions you'll make. Each option offers distinct advantages and challenges that affect your immediate budget, long-term wealth building, and lifestyle fl
Dec 09, 2025 | Purchasing a Home