What is private mortgage insurance?
What is private mortgage insurance? Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if […]
285 total views, 0 today
Where can I get money for a down payment on a home mortgage?
Where can I get money for a down payment on a home mortgage? It depends on your situation. If you don’t have cash for a […]
326 total views, 0 today
What’s the difference between a prequalification letter and a preapproval l...
What’s the difference between a prequalification letter and a preapproval letter? Prequalification and preapproval both refer to a letter from a lender that specifies how […]
318 total views, 0 today
Do I have to borrow as much as I am prequalified, preapproved, or approved ...
Do I have to borrow as much as I am prequalified, preapproved, or approved for? No. You may choose to borrow less.
297 total views, 0 today
Where can I get a mortgage?
Where can I get a mortgage? You can get a mortgage from a wide variety of lenders, including commercial banks, thrift institutions, mortgage loan companies, […]
320 total views, 0 today
What is the difference between a mortgage broker and a mortgage lender?
What is the difference between a mortgage broker and a mortgage lender? A lender is a financial institution that makes loans directly to you. A […]
298 total views, 0 today
What is the difference between a mortgage interest rate and an APR?
What is the difference between a mortgage interest rate and an APR? An annual percentage rate (APR) reflects the mortgage interest rate plus other charges. […]
316 total views, 0 today
What are (discount) points and lender credits and how do they work?
What are (discount) points and lender credits and how do they work? Generally, points and lender credits let you make tradeoffs in how you pay […]
291 total views, 0 today
What is an escrow or impound account?
What is an escrow or impound account? An escrow account, sometimes called an impound account depending on where you live, is set up by your […]
292 total views, 0 today
Is there such a thing as a no-cost or no-closing loan or refinancing?
Is there such a thing as a no-cost or no-closing loan or refinancing? Yes, some lenders or mortgage brokers may offer you a loan that […]
345 total views, 0 today