Home Loan Fees: Difference Between Closing Costs vs. Lender Fees vs. Third-Party Fees
You will be charged two types of fees when accessing your equity with a new first mortgage They are lender fees and third-party fees Every transaction is unique, so the fees within these categories... more
How Can I Pay Less Interest on My Mortgage Each Month?
Each month, like clockwork, your checking account balance is reduced by another of your mortgage’s monthly payments If you are like most homeowners, you’ve wondered if it is possible to pay less... more
Is it Better to Pay Off My Property Taxes Directly or Include them in My Mortgage Payments?
As a homeowner, you have at least two options for paying your property tax: A prospective homeowner’s decision can impact how much they pay each month, but making larger payments two times out... more
Millennial’s Mortgage Guide for First Time Home Buyers
Introduction If you have ever looked into buying your first home, or indeed, if you know anyone who has bought a home, it is likely that you have come across the term ‘mortgage’ Now, you may... more
Do you Keep All the Money When You Sell a House?
When you sell a house, you have to first pay any remaining amount on your loan, the real estate agent you used to sell the house, and any fees or taxes you might have incurred After that, the... more
Which Set of Items Appears on a Loan Estimate for Mortgage or Refinance
Getting a mortgage is one of the largest financial decisions we will make in our lives With that large decision comes a number of equally important questions, like, which type of loan will I get,... more
Is Mortgage Insurance Deductible This Year?
Important update: As of 2022, the mortgage insurance premium deduction is no longer available This means you cannot deduct mortgage insurance payments made on any mortgages, including FHA loans, on... more
How Much Equity Should I Have in My Home Before Selling?
There’s no absolute correct answer for knowing how much home equity a homeowner needs to have saved before selling their home The answer depends on how much cash you want after the transaction is... more
Best way to Remove PMI from Mortgage Without a Refi
I came across this topic on Reddit and found this question: Best way to get rid of PMI from my mortgage without refi (source) The best way to remove private mortgage insurance (PMI) from your... more
