Home » Mortgages

Mortgages

Mortgage is a long-term loan used to finance the purchase of a home or property. The property itself serves as collateral for the loan, ensuring the lender can recoup losses if the borrower defaults on their payments.

Mortgages

Difference Between Discount Points and Lender Credits (Loan Origination Fees)

Homeowners should know many key mortgage terms, and two of the most important terms relate to lowering your home loan interest rate: discount points (also known as, mortgage points or prepaid... more

Difference Between Discount Points and Lender Credits (Loan Origination Fees)
Mortgages

What Happens When a Mortgage Goes to Underwriting?

When a mortgage loan goes into underwriting, your credit and financial background are reviewed to determine whether your application can be approved This can include an assessment of your credit... more

What Happens When a Mortgage Goes to Underwriting?
Mortgages

Refinancing Isn’t Just for Your Primary Mortgage

Refinancing your mortgage can be a game-changer when it comes to managing your finances and achieving your goals Many homeowners are familiar with refinancing their initial purchase mortgage, but did... more

Refinancing Isn’t Just for Your Primary Mortgage
Mortgages

What Documents Do I Need When Applying For A Mortgage

One of the most common questions a loan officer receives from a homeowner is, “What documents do I need when applying for a mortgage” It’s a great question, and the answer will vary somewhat... more

What Documents Do I Need When Applying For A Mortgage
Mortgages

When A Higher Mortgage Rate Might Make Sense

When mortgage rates increase, the last thing homeowners want to do is consider applying for a new mortgage But that could be a mistake, especially if you have equity in your home and are looking to... more

When A Higher Mortgage Rate Might Make Sense