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Category: Mortgage

What if Spouse Stops Paying Mortgage During Divorce​?

The stress of divorce can be challenging, especially when financial obligations like mortgage payments become contentious. A common issue arises

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mortgage loan estimates

How to Compare Mortgage Loan Estimates​ Online

Blazing the trail to homeownership is both exhilarating and daunting. One of the most critical steps in this process is

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stated income loan

What Is a Stated Income Loan?

A stated income loan is a unique mortgage that enables the borrowers to us alternative documentation rather traditional documents such

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first mortgage payment

When Is Your First Mortgage Payment Due?

Understanding the timing of your first mortgage payment is crucial for effective financial planning as a new homeowner. Unlike rent,

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mortgage loan amount

How Do Lenders Determine Mortgage Loan Amount?

When applying for a mortgage, potential homebuyers often wonder how lenders determine the maximum loan amount they are eligible to

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mortgage closing costs

Can I Roll Closing Costs into My Mortgage?

When purchasing or refinancing a home, closing costs are inevitable. These costs include fees for services related to processing the

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mortgage offer

Can I Change the Property on My Mortgage Offer?

When applying for a mortgage, prospective buyers typically choose a specific property, and the lender tailors the mortgage offer based

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mortgage preapproval

What Happens if My Mortgage Pre-Approval Expires?

Getting pre-approved for a mortgage is one of the essential first steps for prospective homebuyers. It not only provides an

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construction mortgage

Can You Get a Mortgage for Land?

Yes, you can secure a mortgage for land, but the process and terms differ from those for traditional home loans.

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remove PMI

How to Remove Private Mortgage Insurance

Private Mortgage Insurance or PMI is a type of insurance that lenders require when homebuyers put down less than 20%

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mortgage property tax

Is Property Tax Included in a Mortgage?

When buying a home, many first-time buyers find themselves overwhelmed by the myriad of financial responsibilities that come with homeownership.

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buy land with FHA loan

Can You Buy Land with an FHA Loan?

With the U.S. real estate market still booming, we have been getting a lot of questions about buying land with

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