What Is Escrow?
If you have ever purchased a home and applied for a mortgage, you’ve likely come across the term “escrow.” Contrary to Portlandia’s definition, the “the… Read More »What Is Escrow?
Mortgage Tips
This was the first category I created when this website was created in 2006.
And it’s really why I launched the site to begin with. To educate prospective home buyers and existing homeowners.
Simple guides and practical mortgage tips can help you better understand and prepare for the home loan process.
Same goes for answering mortgage questions and brushing up on the latest mortgage lingo.
Sometimes home buyers focus exclusively on the real estate piece while ignoring the home loan part.
This can result in some bad decisions when it comes to getting a mortgage. Or simply overpaying because of missteps (or a lack of shopping around!).
Learn how to get a mortgage, refinance an existing loan, and discover the many different loans programs available today.
You’re not financing a TV, or a car for that matter. It’s a big purchase and it deserves a lot more time and attention.
Arm yourself with knowledge early on and you’ll likely enjoy a better outcome.
Lennar Mortgage Review: Known for Offering Big Mortgage Rate Buydowns
Today we’ll check out “Lennar Mortgage,” which is the financing division of parent company Lennar Corp. If you weren’t aware, Lennar is one of the… Read More »Lennar Mortgage Review: Known for Offering Big Mortgage Rate Buydowns
How to Supercharge the Savings of a Mortgage Rate Buydown
These days, a lot of home buyers are using mortgage rate buydowns to make the deal work. They are particularly prevalent on new home purchases,… Read More »How to Supercharge the Savings of a Mortgage Rate Buydown
What Are Caps on Adjustable-Rate Mortgages?
The other day I wrote about how adjustable-rate mortgages might soon make a comeback, given how high fixed mortgage rates have become. Now that the… Read More »What Are Caps on Adjustable-Rate Mortgages?
Are Adjustable-Rate Mortgages Finally a Good Deal?
If you visit most bank/lender websites and navigate to their home loans section, you’ll likely only see fixed-rate mortgages advertised. This made perfect sense over… Read More »Are Adjustable-Rate Mortgages Finally a Good Deal?
Mortgage Rates and Home Prices Can Fall Together
If you don’t believe mortgage rates and home prices can fall together, just look at what home prices have done in the face of 7%… Read More »Mortgage Rates and Home Prices Can Fall Together
What to Do If Your Adjustable-Rate Mortgage Is About to Adjust Higher
Recently, a friend of mine with an adjustable-rate mortgage told me his rate was set to adjust significantly higher. His current loan, a 7/1 ARM,… Read More »What to Do If Your Adjustable-Rate Mortgage Is About to Adjust Higher
How to Compare HELOCs From One Lender to the Next
Over the past year or so, home equity lines of credit (HELOCs) have become a lot more popular. As a quick refresher, HELOCs are typically… Read More »How to Compare HELOCs From One Lender to the Next
What Is Cash to Close?
When you take out a mortgage, whether it’s a refinance or a home purchase, you may come across the phrase “cash to close.” Virtually all… Read More »What Is Cash to Close?
Who Are All the People Involved in the Home Loan Process?
One interesting aspect of the home loan process is the sheer number of individuals you’ll work with along the way. You don’t just speak to… Read More »Who Are All the People Involved in the Home Loan Process?