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What is a “higher-priced mortgage loan?”
What is a “higher-priced mortgage loan?” In general, a higher-priced mortgage loan is one with an annual percentage rate, or APR, higher than a benchmark rate […]
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Do auto and homeowners insurance companies share my information about claim...
Do auto and homeowners insurance companies share my information about claims and policies? Yes. There are specialty consumer reporting agencies that collect information about the insurance claims […]
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What fees or charges are paid when closing on a mortgage and who pays them?...
What fees or charges are paid when closing on a mortgage and who pays them? When you are buying a home you generally pay all […]
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Who should I expect to see at my mortgage closing?
Who should I expect to see at my mortgage closing? If you’re buying a home, you should expect to see the following people at closing: […]
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I’m about to close on a mortgage. What are the key steps I can expect in th...
I’m about to close on a mortgage. What are the key steps I can expect in the mortgage closing process? During this time, you sign […]
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Am I allowed to negotiate the terms and costs of my mortgage at closing?
Am I allowed to negotiate the terms and costs of my mortgage at closing? Yes. You can always negotiate the terms of the mortgage loan […]
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What are late fees on a mortgage?
What are late fees on a mortgage? Most mortgage contracts include a grace period, after which time the loan servicer charges a late fee. Late […]
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On a mortgage, what’s the difference between my principal and interest paym...
On a mortgage, what’s the difference between my principal and interest payment and my total monthly payment? The difference between your principal and interest payment […]
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How does paying down a mortgage work?
How does paying down a mortgage work? The amount you borrow with your mortgage is known as the principal. Each month, part of your monthly […]
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Are condo/co-op fees or homeowners’ association dues included in my monthly...
Are condo/co-op fees or homeowners’ association dues included in my monthly mortgage payment? Usually not. Condo/co-op fees or homeowners’ association dues are usually paid directly […]
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