How to Understand Your Mortgage Payment Structure
If you’re a first-time home buyer, you might be surprised to learn that the price of the home you select isn’t the only factor in that all-important monthly payment amount. Your monthly payment will ultimately be a combination of several types of payments. Here is everything you need to know about how your monthly payment […]
Everything You Need to Know About Mortgage Insurance
Mortgage insurance is a policy that protects lenders if you default on your loan. If you default, mortgage insurance will not pay the lender the entire balance but will cover their lost interest payments and administrative expenses. Foreclosure will take care of the rest. Mortgage insurance may sound burdensome, but it serves a purpose. It […]
What to Look for in a Mortgage Lending Company in Florida
A home loan is one of the biggest financial commitments you’ll ever take on during the course of your life. You should choose the mortgage lender you work with carefully, as the decision will help shape your financial life for many years to come. Here are five things you should look for in any company […]
5 Crucial Facts About Down Payments in 2024
There are real advantages to buying a home with a down payment. Zero-down mortgages still exist, and the ability to buy a home without a down payment may seem exciting. Nevertheless, you should consider slowing down and saving up. A down payment can give you an edge. 1) A Down Payment Can Strengthen a Mortgage […]
