In today’s rising interest rate climate, many potential homebuyers are looking for ways to save on a home purchase. One of the best proactive things you can do is to improve your credit score as much as possible before applying for a mortgage loan.
May 23, 2023 | Purchasing a Home
Lenders often require borrowers to pay for private mortgage insurance (PMI) on top of their mortgage loan. PMI is a type of insurance that actually protects the lender, not the borrower, against default and loss. If the borrower contributes less than a 20
May 16, 2023 | Purchasing a Home
How a Mortgage Broker Can Help You Secure the Best Mortgage Are you thinking of buying a house or refinancing your existing mortgage? If so, you may be wondering whether you should work with a mortgage broker or go directly to a lender. While going direct
May 16, 2023 | Purchasing a Home
As you begin the mortgage process, you’ll have lots of terminology thrown at you that can be a little confusing. Two similar sounding terms that might have you perplexed are conforming and conventional loans. Are these the same thing? Here’s w
May 09, 2023 | Purchasing a Home
After making all your mortgage payments for several years, you suddenly get a check in the mail from your escrow account. If you didn’t pay close attention during your mortgage closing, you may not even remember what an escrow account is. Here&rsquo
May 02, 2023 | Purchasing a Home
If you are in the market for a home loan, an adjustable-rate mortgage may be very attractive in today’s higher rate climate. If you’ve looked into ARM loans, you may also have come across the term “convertible ARM.” If you’re unfamiliar with this product,
Apr 25, 2023 | Purchasing a Home