What Happens When My Loan Gets Sold?
The short answer is that loans get sold to free up money at financial institutions, so they can create more loans for others. The process of doing this is called
What’s A Property Inspection Waiver?
Getting a home loan? Your lender may tell you that you’re eligible for a property inspection waiver, or PIW. What is it and why would you opt for this, if
The Role of A Mortgage Underwriter
Getting a mortgage for the first time is a truly unique experience where you’ll learn a lot. During that time, you’ll eventually get the word from your Loan Officer that
The Dos and Don’ts of Down Payments
If you have homeownership on your wish list, you’re most likely going to need to come up with a down payment. The decision on how much to put down isn’t
What Happens to The Housing Market During a Recession?
We know that interest rates are on the rise … does that mean the potential for a recession, even a mild one, is on the rise too? While looking at
Four Tips for Saving in a High-Rate Environment
It’s true that rates are no longer in a historically low spot, but they are still lower than what were seen before the housing market crash – and we’re talking
You’ve Got This on Lock
Simply put, a mortgage rate lock will freeze your interest rate until loan closing.
What Does the Fed’s Rate Increase Mean for Mortgages?
With the Fed’s overnight interest at a two-year high, current and to-be homeowners are asking themselves “Is this going to affect my mortgage interest rate?”
I’ve Filed for Bankruptcy, Can I Buy a House?
If you’ve filed for bankruptcy, and you’re worried because you want to buy a house, know that YES, it’s still possible for you to meet your dream of homeownership.
Lend Me an ARMs
ARM, in the mortgage world, stands for adjustable-rate mortgage. This loan product offers a variable interest rate that will change over time, based on what’s happening in the market.