The concept of private mortgage insurance first came about in 1958 when an insurance policy was created specifically addressed to help those who would not come up with the necessary 20 percent down payment in order to obtain a...
There have been some gradual rumblings in the mortgage industry but the released data seems a bit too small to make any news by itself. For example, at the most recent round of FOMC meetings last December, the Fed...
We certainly realize the mortgage process can be a bit confusing at times and we really didn’t mean for the process to be that way. Certainly not the entire mortgage approval process but there are some areas that seem...
When home buyers begin to think of buying a home, there are some major considerations to make. Certainly, the price range of the future property is important as well as getting comfortable with the projected monthly payments including not just...
Getting a home loan involves multiple parties and a lot of moving parts. Your mortgage lender is the one that keeps all these parts moving in the right direction and at the right time. Your loan application will be...
For those not familiar with the term “reverse mortgage” they’re not alone. And even for those that have heard the term used it’s still a bit counterintuitive. Officially it’s called the Home Equity Conversion Mortgage, or HECM (heck-um) and is...