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Mortgage Dictionary

We get it. The last thing you want when buying a home is to feel confused and un-informed while navigating the mortgage process. Luckily for you, we’re experts. We have compiled an ever-growing list of mortgage-related terms that any potential home buyer should know, empowering you to be a confident and educated borrower. Don’t see […]

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 […]

15 Year Mortgages: Are They Worth It?

For most buyers, a 30-year mortgage is the first and only option when it comes to borrowing to buy a home. However, whenever it is possible, a 15-year mortgage is the ideal choice for some homebuyers who are able to afford higher monthly payments. As suggested by the timeline in the name, this mortgage gives […]

Monthly Mortgage Payment Breakdown

A mortgage is a long-term loan designed to help you buy a house. In addition to repaying the principal, you also have to make interest payments to the lender. The home and land around it serve as collateral. But if you are looking to own a home, you need to know more than these generalities. This concept also applies to business, especially concerning fixed costs and shutdown […]

Understanding Cash To Close

Cash to close refers to the final amount of funds a borrower needs to finalize a real estate purchase or refinance transaction. This figure can be made from a combination of or all of the following sections: Closing Costs Pre-Paid Items Down Payment For a purchase, these funds can include the down payment in addition […]