When it comes to buying a home, having a mortgage rate that benefits you financially can be a total godsend—for many years following your acquisition. Here are a few ways to determine if you’re getting the best mortgage rate…
If you’re 62 years of age or older, you may be considering a reverse mortgage. However, it’s important to understand all the facets of this unusual loan product before taking the plunge. Read on to learn whether a reverse…
There is so much terminology to learn during the home buying process, and it can feel daunting at times. If your lender brings up the concept of paying mortgage points, you can be educated ahead of time by reading…
Before approving you for a mortgage loan, your lender will want to assess your lending risk. One important way this happens is through a mathematical formula called the Loan-To-Value ratio. Learn more about this all-important number – and how…
If you’ve decided to get serious about buying a home, it’s important to set yourself up for success. The four steps discussed here explain how to get pre-approved and/or pre-qualified for a mortgage loan, both of which can help…
There are some new mortgage lenders in town and they aren’t your local banks. Citing reasons such as high risks and low profitability, many banks have stopped giving out mortgages. These days, if you want to find a great…