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

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

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

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

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

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

Interest Rate and Annual percentage rate — or APR — are they lost siblings? Brothers from another mother? Second cousins once removed? (What does that even mean?) The truth is,

When you buy a home, you’re presented with a lot of options – type of mortgage, term length, fixed-rate or adjustable…  Let’s discuss the latter so that you go into

Points. Mortgage points. Discount points. Buying down your rate. It all means the same thing. Simply put, mortgage points are the opportunity to buy down your interest rate in small

Co-signing on a mortgage loan for someone can mean the difference between them being approved or not. But with co-signing comes great responsibility. Let’s outline the pros and cons so