Basics of a Mortgage Closing Disclosure
As anyone who has been through the homebuying process can tell you, there are several important documents that are typically involved. One of the single most vital, and one that all homebuyers will deal with eventually, is known as the mortgage closing disclosure....
What Is Private Mortgage Insurance & How Does It Work
When considering buying a home and what your mortgage payment will look like, it’s important to be familiar with private mortgage insurance (PMI). All parties in the mortgage and homebuying process must be protected from certain risks, and this includes not only...
A Guide to Home Renovation Loans
Picture this – you currently own or want to buy a home with good bones, but it needs some TLC. The good news is that you don’t have to handle a home remodel alone. Renovation loans are a great option to help fund home improvements, repairs, and enhancements by rolling...
Getting a Mortgage Pre-Qualification vs. Pre-Approval
When considering buying a home, it’s highly recommended that the first step in your homeownership journey is to work with a lender to get pre-qualified or pre-approved for a mortgage. While the two terms sound similar and both help give buyers an understanding of how...
Why Refi? 5 Common Reasons to Refinance a Mortgage
The decision to refinance* your mortgage is a strategic move that can have a profound impact on your financial well-being. There are several types of situations when refinancing might provide specific benefits and unlock potential savings. It’s important that...
All You Need to Know About Appraisals During the Homebuying Process
There are several important steps involved in the homebuying process, and an independent confirmation of the property's value is a key step for mortgage approval. This evaluation is typically known as an appraisal. What is an appraisal, why is it done, and what else...