Is an Adjustable-Rate Mortgage Right for You? – Part One
April 5, 2022 12:00 amAn adjustable-rate mortgage (ARM) is a mortgage whose rate of interest is periodically adjusted to reflect the current market conditions.... View Article
Tag Archive: Mortgage Terms
What Is the Role of a Mortgage Underwriter?
March 22, 2022 12:00 amHave you ever wondered what a mortgage underwriter does? After a mortgage application has left the hands of the processor,... View Article
How is APR Different from the Mortgage Interest Rate?
January 26, 2022 12:00 amWhen shopping for a mortgage, it’s easy to become overwhelmed by the many numbers involved in the transaction. Two numbers... View Article
Paying Points on Your Mortgage
November 30, 2021 12:00 amWhen considering a home purchase, your mortgage planner will take the time to review your goals and financial situation and... View Article
Understanding The Appraisal Gap
November 15, 2021 1:30 pmDuring a home purchase transaction, a mortgage lender will request a home appraisal to ensure that the amount being lent... View Article
What Is a Mortgage?
May 18, 2021 12:00 amPurchasing a home will likely be the largest financial debt you will incur in your lifetime. While borrowing a large... View Article
What to Look For in a Mortgage Planner
March 17, 2021 12:00 amFinding the right mortgage planner is no different than hiring a lawyer or an accountant. It can be easier, though,... View Article
Understanding Loan to Value Ratio
March 8, 2021 10:50 amA loan to value ratio, or LTV, is the relative difference, expressed as a percentage, between the current value of... View Article
What Does it Mean to Refinance?
February 24, 2021 12:00 amMortgage rates are low nationwide, but the markets are fluctuating. Now may be the right time to refinance your home... View Article
Understanding Earnest Money
December 3, 2020 11:44 amWhen a buyer enters into a contract on a home purchase, the seller usually takes the home off the market... View Article
