Does paying off your mortgage early sound too good to be true? Well, becoming mortgage-free may be easier than you think. There are a few paths many homeowners take—from paying down…
Tag: Mortgage Basics
Estimated reading time: 3 minutes What is escrow? In the simplest of terms, escrow is money that your mortgage servicer (the company you send your mortgage payment to) sets aside to…
Estimated reading time: 3 minutes Protecting your credit score is a good idea any time you’re planning to buy a home or refinance. Regardless of your circumstances, there are steps…
Estimated reading time: 9 minutes Taking out a mortgage is a constantly evolving process. Given enough time, loan programs can change, mortgage rates can shift, and new technologies…
Estimated reading time: 3 minutes As home prices continue to rise, a new loan type is becoming more popular: jumbo loans. A jumbo loan—sometimes called a “jumbo mortgage” or…
Estimated reading time: 7 minutes Credit scores can be a big factor in the mortgage application process. They can affect everything from a borrower’s loan options to interest…
Estimated reading time: 5 minutes The homebuying process can be full of new terminology, especially as a first-time homeowner. Here is a quick overview of common mortgage terms. This…
If you’re considering buying a new home, you probably need a mortgage before you can start the journey to homeownership. Fortunately, millions before you have gone down this path—and…