Buying your first home is just about the biggest financial decision you’ll make — and it has big implications for your life, too. But this step shouldn’t feel impossible to take,…
Tag: Mortgage Basics
As with any loan type, there are a number of advantages and disadvantages to adjustable rate mortgages. Let’s look at the pros and cons of ARMs and compare them to the benefits and…
Are you thinking about buying a home? Or how about refinancing your mortgage? If either applies to you, then there is a number you should know (and it’s not your credit score — though…
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…
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?…