points

appraisal Getting preapproved for a mortgage: When, why & how   Getting preapproved for a mortgage is an essential part of the home-buying process. While it’s possible to wait before securing your financing, there are major benefits to getting preapproval early.   For more information about preapproval, here are the basics to consider:   When to get preapproval   It’s recommended that would-be homebuyers obtain […]
appraisal Mortgage basics: A brief 30-year mortgage guide   Most homebuyers, even those just starting their first-time homeowner journey, have learned a thing or two about 30-year mortgages. For example, some 30-year mortgages will let you pay the mortgage down earlier than 30-years, while others may fix a prepayment penalty to that plan to make up the loss in revenue from the interest […]
buyer Average closing costs for buyer hopefuls: What to expect   Budgeting for buying a home can seem daunting, but one of the best ways to make it easier is to figure out the average closing costs for buyer hopefuls. There are various service charges bundled together to make up closing costs, and some can vary significantly based on location and specific property.   Here […]
buyer Pros & cons of umbrella insurance   Umbrella insurance, sometimes called personal liability insurance, offers coverage beyond the limits of your other policies. It can help cover the financial gaps and protect your savings and assets in the event you’re liable for damages.   Umbrella insurance is not required, but many choose to purchase a policy for greater peace of mind […]
buyer 3 Ways to pay off your mortgage early   Paying off a mortgage early is a dream of many homeowners. However, economic factors can make it seem like an unattainable goal. With some careful planning and initiative, however, there are ways to pay off your home loan before your term limit.   1. Refinance your mortgage   If you’re considering making larger payments […]
appraisel Pros & cons of no-closing-cost refinancing   Refinancing your home can have a plethora of benefits. Among lowering your monthly payment, refinancing your home can also allow you to borrow against your home’s equity. However, refinancing in the beginning can have significant closing costs, such as application fees, loan origination fees, mortgage insurance and interest – especially when involving mortgage points. […]
buyer The pros and cons of mortgage points   When buying a home, many homebuyers tend to search for the best mortgage interest rates available. While some may find that perfect rate, others may opt to take advantage of lender-provided options, such as mortgage points.   Mortgage points are designed to help buyers bring down their interest rates by paying them ahead of […]
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