Mortgage Archives

Private Mortgage Insurance: Everything You Need to Know

by Real Estate Experts

Private mortgage insurance, or PMI, is a type of insurance that helps protect lenders in the event that a borrower defaults on their mortgage

How to Avoid Mortgage Prepayment Penalties

by Real Estate Experts

If you are like most people, you probably don’t want to pay any mortgage prepayment penalties. Unfortunately, many people do not know how to

Balloon Mortgages: The Pros and Cons

by Real Estate Experts

When it comes to mortgages, there are a lot of options to choose from. One popular option for home buyers is the balloon mortgage.

Mortgage Points: How They Can Save You Money

by Real Estate Experts

Mortgage points are one of the many ways that you can save money on your mortgage. By paying a certain number of points, you

What is an Origination Fee & Why Do You Have to Pay It?

by Real Estate Experts

Buying a home often comes with a lot of extra fees and costs. One of these is an origination fee. This fee is charged

Interest-Only Loans: What to Know

by Real Estate Experts

Interest-only loans are a type of loan in which the borrower pays only the interest for some or all of the term, with the

Jumbo Loans: Everything You Need to Know

by Real Estate Experts

Jumbo loans are a required, but lesser-known, option for financing homes that are above a certain price point. It’s no secret that the housing

USDA Loans: Important Factors To Consider

by Real Estate Experts

USDA loans are one of many options for homebuyers looking to purchase a home with little money down. However, they are not right for

VA Loans: The Advantages & Disadvantages

by Real Estate Experts

VA loans are designed to help veterans and their families become homeowners with favorable terms and conditions. However, like any other type of mortgage

What to Do if You’re Considering an Adjustable-Rate Mortgage

by Real Estate Experts

If you’re considering an adjustable-rate mortgage (ARM), it’s important to understand how they work and what the risks are. Unlike a fixed-rate mortgage, where

What is an Appraisal Contingency?

by Steph Matarazzo

Appraisal contingencies are put in place to protect the buyer from making a bad deal unknowingly. This provision allows the buyer to walk away

10 Must-Ask Mortgage Questions Before Buying a Home

by Andrew Te

Homebuyers, especially first-time home buyers, focus a lot on finding the right home. Home buyers look for the right location, and well-built, comfortable houses.