When shopping for a mortgage, borrowers are usually faced with two primary options: a fixed rate mortgage and an adjustable rate mortgage (ARM). But what is the difference between a fixed…
Tag: Mortgage Basics
Whenever you decide to embark on your home ownership journey, doing your research will be key. Here are 8 things to know when buying a home. 1. Know whether it’s the right time to…
Are you a homeowner with substantial equity? Do you need cash? What is a cash out refinance? We know that you have questions, and fortunately, Mr. Cooper has answers. The short answer is…
There’s a lot of information out there about cash-out refinancing and leveraging your home’s equity to pay for things like student loans and credit card debt, but what is home equity?…
Refinancing your mortgage — taking out a new home loan to replace and pay off your old one — might sound like a daunting step. You probably have questions like, “Should I refinance?…
Buying your first home is an exciting time, fueled by pride for what you’ve accomplished and anticipation for what’s to come. But similarly to most new experiences, it can also be an…
Refinancing a mortgage works much like getting an application for a brand new loan when it comes to the documents you need to provide as a borrower. But why all the paperwork? Essentially…
Buying a new home is exhilarating and rewarding, but it can also be a little stressful. After all, you’re making a big financial decision that includes how much you borrow and from…