The Power of Extra Mortgage Payments
Mortgages can be viewed very differently. Some see them as a positive financial instrument, a way to free up their money so it can be… Read More »The Power of Extra Mortgage Payments
UWM Is Officially the Nation’s Largest Mortgage Lender
It’s official. United Wholesale Mortgage (UWM) is the nation’s largest mortgage lender. The Pontiac, Michigan-based wholesale lender took the top spot for all of 2023… Read More »UWM Is Officially the Nation’s Largest Mortgage Lender
What Is a Mortgage Loan Servicer? The Company That Collects Your Payments
Perhaps one of the most confusing aspects of getting a mortgage is knowing who you actually pay once the thing funds. And to that end,… Read More »What Is a Mortgage Loan Servicer? The Company That Collects Your Payments
The Refinance Rule of Thumb: Only Refinance Your Mortgage If…
How Much Lower Should Mortgage Rates Be to Refinance? Unfortunately there is no one-size-fits-all answer to this question Because no two loan scenarios (or homeowners)… Read More »The Refinance Rule of Thumb: Only Refinance Your Mortgage If…
What’s the Best Mortgage for First Time Buyers?
If you’re new to real estate and preparing to make an offer on a property, you might be wondering what mortgage is best for a… Read More »What’s the Best Mortgage for First Time Buyers?
Cash Out vs. HELOC vs. Home Equity Loan: Which Is the Best Option Right Now and Why?
It’s time for another mortgage match-up: “Cash out vs. HELOC vs. home equity loan.” Yes, this is a three-way battle, unlike the typical two-way duels… Read More »Cash Out vs. HELOC vs. Home Equity Loan: Which Is the Best Option Right Now and Why?
15-Year Fixed vs. 30-Year Fixed: The Pros and Cons
It’s time for another mortgage match-up: “15-year fixed vs. 30-year fixed.” As always, there is no one-size-fits-all mortgage solution because everyone is different and may… Read More »15-Year Fixed vs. 30-Year Fixed: The Pros and Cons
Mortgage Impounds vs. Paying Taxes and Insurance Yourself: The Pros and Cons
If you’ve been researching mortgages, or are in the process of taking out a home loan, you may have come across the term “impounds” or… Read More »Mortgage Impounds vs. Paying Taxes and Insurance Yourself: The Pros and Cons
Is Rent Out and Rent the New Way to Move to a Different House?
I had a conversation with a friend the other day about his current housing situation. In a nutshell, the home he resides in isn’t large… Read More »Is Rent Out and Rent the New Way to Move to a Different House?
18 Important Mortgage Refinance Questions Answered
With mortgage rates no longer at or near record lows, the refinance question has become a lot more complex. It used to be a no-brainer… Read More »18 Important Mortgage Refinance Questions Answered