Tag: Mortgage

Posted on 06/23/2024

Servicing a loan: What borrowers should know

Mortgage servicers are companies responsible for the...

Loan Servicing

Mortgage Lender

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Posted on 09/24/2023

Owning a home: What is the mortgage?

For many, the concept of buying property seems completely...

Home Mortgage

Basics

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Posted on 08/20/2023

Options for Veteran Mortgage Relief to Consider

If you have a VA loan, the U.S. government has options in place to assist you in case of financial hardship. There are multiple programs available to help you avoid late payments and foreclosure if your mortgage meets eligibility. Here are the major veteran mortgage relief options to know: Refund Modification A refund modification affects the principal and...

Mortgage

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Posted on 08/13/2023

How to choose a down payment on a house

A major step in the homebuying process is paying the down...

Home Financing

Down Payment

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Posted on 07/16/2023

Fixed rate mortgage: Definition & key considerations

To choose the right mortgage loan, it’s important to...

Fixed Rate Mortgage

Adjustable Rate Mortgage

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Posted on 03/27/2022

Getting preapproved for a mortgage: The basics

Getting preapproved for a mortgage is an essential part of the home-buying process. While it’s possible to wait before securing your financing, there are major benefits to getting preapproval early. For more information about preapproval, here are the basics to consider: When to get preapproval It’s recommended that would-be homebuyers obtain a preapproval letter from a mortgage lender...

Buying

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Posted on 02/27/2022

Mortgage: The Basics of Home Refinance

Many homeowners have experienced a moment when they have wished for a lower mortgage payment. With a mortgage refinance, you could effectively lower your monthly payments. Not sure where to begin with refinancing or whether it's right for you? We've got you covered with some tips and considerations. What is Refinancing? When you refinance a mortgage, you're essentially...

Finance

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Posted on 01/02/2022

Buying Your a Home for the First Time? Be Sure to Check Off These 4 Items Before Shopping

Excited to shop for your first home? Before you schedule showings and attending open houses, there are a few steps you should take to prepare. 1. Check Your Credit Score If you're like most first-time homebuyers, you'll need to take out a mortgage in order to pay for your home. Before you apply for any kind of home...

Agent

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Posted on 06/20/2021

What Influences Your Buying Timeline?

Photo by Doubletree Studio via Shutterstock Interest rates rise in correlation to inflation and other economic activity. When that happens, it can increase housing costs. But the question is, should it prompt you to buy sooner than you’re ready? The Right Time Is Now In real estate, the right time is always now for someone. Is it the...

Interest Rates

Mortgage

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Posted on 01/10/2021

Understanding Your Mortgage: Prepayment Penalties

Photo by Steve Buissinne via Pixabay Most are familiar with the key components of a mortgage: how much you're borrowing, what your interest rate is, how many years you'll be paying your mortgage back. There are many, however, who do not understand some of the finer details, including what prepayment penalties are and how they may affect you...

Mortgage

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