Buydown Mortgages There are many different options when it comes to payment for a mortgage loan. One of those options... read more →
The Loan-to-Value Ratio The loan-to-value (LTV) ratio is a lending risk assessment that lenders use to examine before approving a... read more →
Define: loan to value ratio Definition: The loan to value ratio is the relationship between the loan amount and the value of... read more →
A divorce means splitting up the assets you have obtained throughout your marriage. One of the more difficult assets to... read more →
The Differences Between Conforming & Non-Conforming Loans Many people apply for loans when paying their mortgage. Two common types of... read more →
What is a reverse mortgage? A reverse mortgage is a mortgage loan for senior citizens which requires no monthly payments.... read more →
If you are looking to subsidize a large purchase or debt a high-interest loan may not be the best option.... read more →
When you have high interest debt on auto loan, credit cards or other loans, they could be difficult to pay... read more →
When a close friend or family member is getting a mortgage, they may ask you to be a co-signer or... read more →
If you are behind on mortgage payments, you may be thinking about how to catch up. One thing you may... read more →
First-Time Home Buyer Programs Most first-time home buyers find it overwhelming to choose a satisfying mortgage program. Although many first-time... read more →
What is PMI? Private Mortgage Insurance (PMI) is an insurance policy that protects lenders against loss if borrowers stop paying... read more →
Mortgage overlays are company specific rules that a lender must follow. These are on top of the published guidelines for... read more →
When first buying a home, there are many factors you have to include that you may not be aware of.... read more →
If you become unemployed, you may not be able to afford your mortgage. One of the first things you should... read more →
The first-time homebuyer tax credit is a special tax credit program meant for a specific group of homebuyers: those who... read more →
Fixed rate mortgages are mortgage loans with interest rates that do not fluctuate throughout the entirety of the loan. Fixed... read more →
What is a ‘Tax Credit’? A tax credit is an amount of money taxpayers can subtract from their taxes owed... read more →
If your mortgage application gets denied, do not worry. There are still many opportunities to pursue a future mortgage. Mortgage... read more →
There are a lot of reasons to refinance your mortgage, whether to get a more attractive interest rate or... read more →
While trying to obtain a loan for your new home, your mortgage lender will require a home appraisal. The appraisal's... read more →
Define: assigned loan Definition: An assigned loan is the transfer of ownership from one person to another.
Define: non-traditional mortgage Definition: A non-traditional mortgage is a residential mortgage loan product that allows borrowers to defer repayment of principal and,... read more →
One of the most important decisions when buying a house is how you will pay your insurance and property taxes... read more →
Define: 2 1 buydown mortgage Definition: A 2 1 buydown mortgage is a type of mortgage with a set of two... read more →
An adjustable rate mortgage (ARM) is a type of mortgage loan where the interest fluctuates as market rates fluctuate. Your... read more →
While you can legally refinance at any time, there may be some costly consequences to this decision. When considering refinancing,... read more →
Did your mortgage application get denied? Before you count yourself out for mortgage eligibility, read up on the latest changes... read more →
While mortgages of some sort have existed throughout history, the current mortgage industry looks very different from the past. The... read more →
Homeowners in Connecticut pay some of the highest property taxes in the country. The average effective property tax rate is... read more →
Different loan programs target different buyers. A mortgage application assesses many aspects of your financial situation, such as your debt-to-income... read more →
When purchasing a new home, it is important to consider multiple types of mortgage loans. The mortgage application process considers... read more →
When purchasing a home, there are many elements to consider during the mortgage process. Below are a few frequently asked... read more →
The Veteran's Administration loans, or VA loans, are a home-mortgage option available to veterans, current or former members of the... read more →
Mortgage Loan & Pre-approval Document Checklist (with PDF) Mortgage Loan Document Checklist PDF Download If you are house hunting and... read more →
When purchasing a home, there are many important decisions to consider, especially decisions about the terms of your mortgage loan.... read more →
So, you finally closed on your new home. But, just as there was a closing process, there is a post-closing... read more →
What is a HomeReady Mortgage? The HomeReady Mortgage program is a loan option offered by the Government Sponsored Enterprise (GSE)... read more →
Refinancing can be a confusing and overwhelming process, as there are a variety of different options available to you. But... read more →
Understanding the Seller's Market The basic theory of supply and demand impacts housing market. As people are pursuing homeownership, there... read more →
An overview of the 15-year mortgage When purchasing a home, it is vital to research a variety of mortgage options.... read more →
If you're looking to refinance your mortgage, there are different options available for you to choose from. One option is... read more →
Buying a home is an important decision, both financially and personally. You need to properly manage your finances in order... read more →
Hunting for a new home can be an exciting and stressful time. Before settling on a new home, consider factors... read more →
When considering a new mortgage or refinancing a current mortgage, many lenders suggest paying your taxes and insurance through an... read more →