Mortgage Loans

Mortgage Loans Shop for a mortgage A mortgage is a major long-term commitment, so it’s important to shop carefully — you don’t want to overpay for your house every month for the next 30 years. One Stanford University study found that getting at least four quotes for a home loan saved participants over $2,300 in closing costs. … Read more

Streamline Refinance

Streamline Refinance Programs If your existing mortgage is backed by the government, you may be entitled to refinance under a “streamline refinance” program. These cut both the time and the paperwork required, and often make it much easier to get approved because some ignore your employment status, the current market value of your home and … Read more

Mortgage Pre Approval

Mortgage Pre Approval Getting a mortgage pre approval is a crucial stepping stone on your way to becoming a homeowner, but it doesn’t mean you’re in the clear to borrow from a lender just yet. A preapproval does give you a leg up over the competition, though. What is a mortgage preapproval? A mortgage preapproval … Read more

Closing Costs

Closing Costs When you buy a home, in addition to your down payment, you need to budget for closing costs. Closing costs are the fees paid to third parties that help facilitate the sale of a home. The amount you’ll pay depends on several factors including the price of your home, your lender’s requirements, and … Read more

Freddie Mac vs Fannie Mae

Differences Between Freddie Mac vs Fannie Mae We study here the differences between Freddie Mac vs Fannie Mae. If you’re on the hunt for a new house or have bought one in the past, you’ve probably come across Fannie Mae and Freddie Mac, and wondered what role they might play in helping you move into … Read more

Reasons A Mortgage Loan Is Denied

All The Reasons A Mortgage Loan Is Denied Reasons a mortgage loan is denied. If your mortgage application was denied, know that you aren’t alone. Nearly 11% of mortgage applications were denied in 2021, according to the latest available data from the Consumer Financial Protection Bureau (CFPB). Reasons for a mortgage application denial usually fall into a … Read more

Home Loans For Bad Credit

Home Loans For People With Bad Credit Home Loans For Bad Credit. All it can take to damage your credit score is a few missed bill payments, some maxed out credit cards or even life circumstances beyond your control, such as divorce or serious illness. When you have a lower credit score, it can be much harder … Read more

How To Get The Best Mortgage Rate?

How To Get The Best Mortgage Rate? How to get the best mortgage rate? When you’re shopping for an affordable place to live, a home’s list price is the first thing most people consider. The median sales price of homes sold across the U.S. is $307,700 according to data from the U.S. Census Bureau and the … Read more

Why Does My Escrow Keep Going Up

Why Does My Escrow Keep Going Up So we ask ourselves: why does my escrow keep going up? If you’ve got a fixed-rate mortgage, you might expect your monthly payment to stay the same year after year. But from time to time, you may have noticed a surprise increase in the amount you have to … Read more

Home Equity Loan

Home Equity Loan home equity loan What is a home equity loan? A home equity loan (HEL) is a second mortgage that allows you to tap a portion of your home’s value in a lump-sum payment. Home equity loans usually have fixed interest rates and are available in terms of five to 15 years. Why … Read more