Detailed mortgage information to help home buyers and homeowners.
Every situation is unique. Just because one type of mortgage was good for your neighbor or even your parents doesn’t mean it’s the right mortgage for you. Every borrower has a different set of needs when it comes to finding the right mortgage. These are simple yet effective in helping you decide what mortgage is … Read more
Homeowners and homebuyers want to close their mortgages quickly and without issues. Over the years, there have been numerous initiatives to do just that, and the results have been exceptional. Gone are the days of closing a mortgage in two to three months, and in our closing a mortgage two to three weeks. One ingredient … Read more
Things move a bit faster these days, and getting a fast mortgage approval is essential to the home buying process. To get your loan application approved before your loan contingency is up, you’ll need to work directly with your loan officer to prepare your file for the underwriter. Before that can happen, there are things … Read more
Loan fees, costs, and points – is an important topic for homeowners. One of the biggest mistakes someone can make when shopping for a new mortgage loan is to just ask: “What’s the rate, and are there any points?”. I think it’s almost a certain guarantee that if you ask that with no follow-up questions, … Read more
Every year millions of people either buy a home or refinance a current mortgage. Traditionally, someone applying for a mortgage would obtain an appraisal from a licensed appraiser before their loan application is approved by an underwriter. The appraisal report issued by the appraiser gives an independent valuation of the home. However, not all transactions … Read more
Loan Application, Debt-To-Income ratio (DTI), and Closing Disclosure are some of the key mortgage terms homebuyers and homeowners should know. Whether a purchase or refinance transaction, it’s essential to understand the key mortgage terms used during the loan process. A borrower with a good understanding of these terms will be better positioned to secure a … Read more
There are ten important questions to ask your loa officer when you’re looking to obtain a new mortgage for the purchase of a home or if you are looking to refinance a current mortgage. Asking the right questions is the best thing you can do to ensure you obtain a low rate at great terms. … Read more