Category: Real Estate
Types of home equity loans: Fixed-Rate Loan vs. Line of Credit
What types of home equity loans are there? There are two types of home equity loans: • Fixed-Rate (Term or Closed-End Loan) • Line of Credit Both are secured by…
Buying A Home In 8 Easy Steps
Choosing and buying a new home can be overwhelming. Here is how to buy a home in 8 simple steps. 1) Brainstorm and Gather the Facts Whether you are a…
Refinance Checklist that you need to go through to complete a loan application
Completing a loan application is the first thing you’ll do when you refinance your mortgage. You may also need to provide a variety of documentation to help your mortgage lender…
Understanding Mortgage APR
When you apply for a mortgage, the lender is required to tell you the interest rate and the annual percentage rate, or APR. But what exactly is the APR? The…
Which type of home equity loan should you choose?
This all depends on your situation. However, there are some scenarios where the choice is apparent. For instance, let’s say you need $15,000 to pay for your daughter’s wedding next…
Tips on how to refinance your mortgage
There are many reasons that you would consider to refinance your mortgage. The most common is a rate in term refinance where you are trying to lower the monthly payment…
What’s in a PITI payment?
When escrow is used, a monthly mortgage payment is called a PITI payment. That’s because each one covers a portion of the following four costs: Principal — the loan balance…
Reasons to Refinance your Mortgage
When you mortgage refinance you are basically taking your current high interest loan and replacing it with a new mortgage loan with a lower rate. And when you Mortgage Refinance…