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Category: Mortgage

    What Is PMI and Do I Have To Pay It?

    By Admin | March 10, 2022

    What Is PMI and Do I Have To Pay It? “PMI” is what’s known as Private Mortgage Insurance. You may be required to pay PMI if your lender considers you to be a riskier mortgage recipient. The best way to avoid having to pay PMI is to put 20% down. As long as you’re putting... Read More

    Which Lender Should I Choose When Buying a Home?

    By Admin | March 9, 2022

    Which Lender Should I Choose When Buying a Home? Should you go with the lender of your Realtor, or should you try to get a more competitive rate with someone else? Typically, your Realtor will have a relationship with a lender with whom they love to work. Your realtor will likely recommend this lender to... Read More

    What is DTI and Why Does It Matter?

    By Admin | March 8, 2022

    What is DTI and Why Does It Matter? Before the housing market crash in 2008, you used to be able to get a loan by simply tell that bank what you earned. They took you at your word, and your application didn’t have to be backed up by any pay stubs or bank statements. So... Read More

    Fixed Rate Mortgage vs. Adjustable Rate Mortgage – Which Is Right for You?

    By Admin | March 7, 2022

    Fixed Rate Mortgage vs. Adjustable Rate Mortgage – Which Is Right for You? Today, Fixed Rate Mortgages are most common with homebuyers. Because rates are currently relatively low, Adjustable Rate Mortgages are generally unattractive. However, a situation in which an Adjustable Rate Mortgage may be best is if the homeowner knows exactly when he or... Read More

    How Long Does it Take to Close on a House

    By Ashlee Wilcox | March 4, 2022

    How Long Does It Take To Close on a House? How long it takes to close on a house depends on a number of factors. While the average closing time is about a month, cash offers may close in as little as one week. Buyers who have gone through underwriting in advance will close more... Read More

    What is Lender Underwriting

    By Admin | March 3, 2022

    What is Lender Underwriting? Lender underwriting is when the lender and their lawyer review all the documents to make sure everything is in place for the approval of the loan. Why is that important to get that done early in the process and quickly? Watch the video to find out more. Read More

    What Is a Jumbo Mortgage?

    By Admin | March 3, 2022

    What Is a Jumbo Mortgage? Depending on the price of the house you are buying, there are generally three different types of mortgage categories you may fall into. A conventional mortgage is generally for houses priced under $650,000. A conventional high balance mortgage is for homes priced between $650,000 and $850,000. Generally, you would fall... Read More

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