3 signs an adjustable rate mortgage might be right for you

You don’t have to go very far to find the news that mortgage interest rates are at historic lows.  And with rates this low, common sense might tell you it’s time to lock in that low fixed rate loan, right? Not so fast! Remember that when fixed rates are low, that means adjustable rates are
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Why do closings always seem to have unwanted surprises?

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
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What is a Second Mortgage?

A second mortgage is a home mortgage that you take out in addition to your first. It is a different arrangement from a refinance. When you refinance a mortgage, you simply take out a loan that loan replaces your existing mortgage. A second mortgage is written in addition to your first mortgage so you have
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What is Mortgage Insurance For?

Simply put, mortgage insurance (also called “PMI” or sometimes simply “MI”) is designed to provide additional security for home mortgage lenders to ensure that they’ll be insured in the event of a default. The insurance doesn’t cover the homeowner: it covers the mortgage lender or banker. Mortgage insurance is a requirement for some mortgages and,
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NOLA Covington Makes the Cover of Northshore Living Magazine

This February, the team at NOLA Lending in Covington was featured in Northshore Living Magazine.  The article provides an in-depth look at our team in the Covington office and some of the services we provide for our clients. The article also provides several tips for home owners who have not yet taken advantage of today’s
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