While taking on a mortgage for the first time may feel like the scariest decision of your life, after you get comfortable with homeownership and paying a mortgage, you may decide at some point that you’d like to take out an additional loan for anoth
May 18, 2023 |
Lenders often require borrowers to pay for private mortgage insurance (PMI) on top of their mortgage loan. PMI is a type of insurance that actually protects the lender, not the borrower, against default and loss. If the borrower contributes less than a 20
May 16, 2023 |
When you are ready to buy a home, one of your first items of business is to find a mortgage lender. As you start your search you may hear terms like “mortgage broker” and “mortgage banker.” What is the difference between these and
May 11, 2023 |