What is an Assumable Mortgage?
There are many ways to structure a loan for buying a home. One lesser-known way is with an assumable mortgage. Here’s what that means and how it works: What is an Assumable Mortgage? An assumable mort Apr 18, 2023
What do Appraisers Consider When Valuing a House?
As you begin the process to get a new mortgage, whether for a home purchase or a refinance loan, your lender will order an appraisal for the property to determine how much it is worth. That valuation Apr 11, 2023
What is Cash to Close?
As you get into the mortgage application process, you may hear your lender use the term “cash to close.” What’s the difference between this phrase and closing costs? What does “Cash to Close” mean? Al Mar 28, 2023
What is a Loan Estimate?
During the mortgage application process, you will receive a very important document called the Loan Estimate (LE). This three-page form will provide you with detailed information about your proposed m Mar 21, 2023
What Fees are Included in Mortgage Closing Costs?
When you buy a home or refinance your mortgage, you should expect to pay closing costs. What are these fees and what is it you are paying for? Closing Costs Defined Closing costs are charges for basic Mar 14, 2023