Mortgage Points When a borrower obtains a mortgage, points are commonly included in the closing costs. Mortgage points come in two different types - origination and discount. Origination Points Many lenders charge origination points when a borrower gets a mortgage. The Continue Reading
‘Shadow Banks’ Are on the Rise for Home Loans
Shadow Banks are on the Rise: Should You Be Afraid?‘Shadow Banks’ Are on the Rise for Home Loans: Should We Be Afraid?Where do home buyers go for a mortgage? To a bank, of course—or at least that’s what many might think. Yet a new force has taken over home financing, called Continue Reading
5 of the Best Reasons to Buy Your Retirement Home Now
Buy Your Retirement Home Now. If you're planning to move when you retire, it might make sense for you to buy your next home now rather than wait, especially if you plan to stop working in the next five years. Whether you are looking to move to another state or just a few Continue Reading
5 Tips for Deciphering Your Home Loan’s Good-faith Estimate
When you’re shopping for a mortgage loan, it’s sometimes hard to understand the jargon lenders use in the good-faith estimate explaining the costs and fees you’ll pay when taking out a mortgage.When you apply for a mortgage, the lender has three days to give you a good-faith Continue Reading
Building Home Equity? Time is on Your Side
Home Equity is the amount of the house you actually own. It’s the difference between your loan balance and your home’s current value. If you sold your house and paid off the loan, your equity is the amount you’d have left over. Amortization is the pay down of a Continue Reading
Mortgage loan – Right alternative to arrange for money and buy your home
Are you planning to purchase your own house? Do you find that you do not have sufficient money to fulfill your dream? If yes, then you must be looking for a suitable solution so that you can fulfill your dream of buying a house. Thus, you decide to take out a mortgage loan Continue Reading
