13 Jun 2022 What is Post-Close Servicing? It’s a normal part of the loan process! After your loan closes, it’s not uncommon that the wholesale lender will hand off the servicing of your loan – payment collection, escrow account management, tax documentation, and similar activities – to another company that does these things best. If that happens, you will receive a letter […] Share on Facebook Share on Twitter
16 May 2022 FHA Appraisal And Inspection: Guidelines And What ... If you’re getting an FHA loan, you’ll need to get an appraisal in most cases. An FHA appraisal both establishes the value of the property and makes sure it’s safe for the homeowner or prospective homeowner. The article below will explain exactly how the FHA appraisal process works, help you create an actionable checklist, talk about […] Share on Facebook Share on Twitter
11 May 2022 Everything You Need to Know about the VA Funding F... If you’re an active-duty service member or veteran, you’ve probably heard about the amazing benefits the VA Loan offers. With no down payment, zero private mortgage insurance, and flexible credit score requirements, it’s the most affordable home loan for the military. However, you may be going through the VA Loan Journey with a lender and discovered there’s a […] Share on Facebook Share on Twitter
5 May 2022 Closing Costs: What Are They, And How Much Will Yo... Your down payment isn’t the only thing you need to bring to the closing table when you buy a home. Closing costs are expenses you pay to your lender in exchange for loan services. Many first-time home buyers underestimate just how much they’ll need to pay in closing costs. Some may not know there are […] Share on Facebook Share on Twitter
25 Apr 2022 How Do Rising Interest Rates Affect Your Purchase ... Purchasing power refers to the price of the home you can afford based on the budget you have available. Naturally, if interest rates start to increase, you will not be able to afford the same home on the same budget. In a nutshell, you will be paying more for the same home if the interest […] Share on Facebook Share on Twitter
