What is a Rate Lock?
A rate lock is a short-term agreement for a lender to "hold" an interest rate on a home while the buyer negotiates the actual sale. Rate Lock … [Read More...]
How to Spot Check on Your GFE
Within three days of receiving your loan application, your lender must give you a good faith estimate that clearly describes the terms and fees for … [Read More...]
10 Mortgage Loan Types
There are many types of mortgage loans. This article examines ten of the most popular mortgage types. 1. Fixed Rate Mortgage A fixed rate mortgage … [Read More...]
The Basics of Mortgage Insurance
Before the current mortgage crisis, lenders routinely allowed borrowers to purchase a home with less than a 20 percent down payment. These borrowers … [Read More...]
Home Buying
When purchasing a home it is essential that you protect your investment. One sure way to accomplish this is to have a home inspection of the property. It is one way to point out flaws and let you know if you are making a sound investment. When do I get one? Once you have a… Read More
It’s probably the question everyone wants to know, how much is my home currently worth? With recent struggles in real estate values and buying or selling your single largest purchase, for some, we gathered a list of online resources for you. Let’s take a look at several website online tools helpful in calculating value. Now… Read More
Deciding whether to rent or buy a home is an important decision. Since there is so much to take into consideration it is best to have all of the facts to make an informed decision. When you rent you have to look at it from a monetary standpoint, as well as from other aspects. First,… Read More