What Are Mortgage Origination Fees?
Monday, 14 February 2022
As a first-time homebuyer, there may be many mortgage terms that sound foreign to you. For example, when you start looking at interest rates offered by lenders, they will often be accompanied by a number of “points” or “origination fees.” What are these extra fees and do you have to pay them? Mortgage Origination Fees
- Published in home loan, Choosing a Lender, home mortgage, Lender, loan, Purchasing a home
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Important Changes in FHA MIP Calculations
Thursday, 25 April 2013
FHA loans have grown substantially over the past decade, primarily because of the benefits that these loans offer to families with low to modest budgets. The perks to choosing an FHA loan, one that is backed by the Federal Housing Administration, are plentiful and include lower down payments, more forgiveness toward poor credit and the
- Published in Advice, Checking rates, home loan, home loan, home mortgage, Home Ownership, Home Prices, Housing, Lender, loan, Mortgage, mortgage, mortgage calculator, mortgage insurance, mortgage payment, refinance
What Is a Jumbo Mortgage?
Friday, 23 December 2011
Many people have heard the phrase “jumbo mortgage” and most likely know that it refers to a really large loan. But did you know that some houses in your neighborhood may require a jumbo mortgage and do you know what the loan limits currently are? So how exactly do lenders define what qualifies as a
- Published in home loan, home loan, home mortgage, Lender, loan, Mortgage, mortgage, mortgage payment
Why do closings always seem to have unwanted surprises?
Tuesday, 13 December 2011
It’s one of the most stressful things mortgage originators, realtors and buyers ever face – last minute emergencies with closings. Without careful and considerate management, it is easy for a client to find themselves in a strung-out paperwork battle and a fight against time. But fortunately, the mortgage lending process doesn’t have to be this
- Published in Advice, Closing, home mortgage, Lender, Mortgage, plan management, refinance, Tips
A closer look at second mortgages
Monday, 05 December 2011
A second mortgage is a second loan taken on a home where a current mortgage is in place behind your first mortgage. This type of loan is commonly called a home equity loan. To get one, you need to have equity in your home, which means you need to have a home where the value
Can a Parent Co-Sign on a Mortgage?
Tuesday, 08 November 2011
This is a very common question, especially with first time home buyers. A parent may wish to cosign on a mortgage loan if he or she wishes to provide help to their child to qualify to purchase a home. Many adult children may not have good credit or adequate experience with credit to obtain a
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