Lenders require you to have flood insurance before closing on a home loan. A lender will obtain a “flood certificate” early in the underwriting process, which will also indicate whether flood … [Read more...]
Search Results for: closing
Homebuyers Receive 3.5 % Closing Cost Assistance
Fannie Mae announced extension of its incentive program for HomePath properties. As a result, homebuyers Receive 3.5 Percent Closing Cost Assistance During FirstLook Period in 27 eligible states, … [Read more...]
Home Loan Closing Costs
Loan Origination Fee This covers the administrative expenses in setting-up and processing the loan. The loan origination fee may be a percentage of the mortgage amount. Points (optional) An option … [Read more...]
Why are there often big differences between interest rates quoted online?
When shopping for a home loan, you may notice the terms "APR" and "interest rate." By law, it is a requirement for lenders to advertise both the interest rate offered as well as the APR. Since the … [Read more...]
6 Tips To Get The Lowest Mortgage Rate
Getting the lowest mortgage rate is extremely important for homebuyers. Low mortgage rates save homebuyers and homeowners money on their monthly mortgage payments and help them afford the home that … [Read more...]
How To Get a Home Loan
The home loan process can be complicated and sometimes include a lot of hurdles. There are various home loan options to choose from and many documents required to apply for a home loan. However, … [Read more...]
Top Things You Should Know About a Mortgage Pre-Approval
Buying a home is an important decision. For most people, a home is the most expensive purchase they will ever make and almost always means you are getting a mortgage. So to get started, you need to be … [Read more...]
The Home Loan Process
Applying for a home loan can be a stressful process that often involves tons of paperwork, time, and money. There are a lot of mortgage options to choose from as well as many documents needed to apply … [Read more...]
Why Homeowners Should Refinance Their Mortgage
Refinancing a mortgage is a process that involves paying off a current mortgage loan and replacing it with a new mortgage loan. While refinancing is a big decision, there are several reasons why … [Read more...]
Tips to Get the Best Interest Rate on Your Mortgage
When buying or refinancing a home, every homeowner desires to have the lowest monthly mortgage payment and to save money where possible. It is crucial to get the best interest rate for your … [Read more...]
