Home Mortgage Loan Guide: 10 Steps to an Easy Approval

Getting a home loan involves multiple parties and a lot of moving parts. Your mortgage lender is the one that keeps all these parts...

HARP Loan 2016

For those of you paying attention to mortgage rates, and we here at Home Point surely do, you may have noticed that rates are...

Escrow and Impound Accounts: Can You Cancel Your Existing Account?

Impound accounts, referred to as escrow accounts in other parts of the country, are monthly payments made to the loan servicer that go toward...

FHA Guidelines? Why Are The Big Banks Abandoning Them? 

The Federal Housing Administration or FHA is an extremely important department within the Department of Housing and Urban Development. It is credited with righting...

What is Loan Servicing? A Beginner’s Guide to Mortgage Loan Servicers

The mortgage market is certainly complex at times as there are so many functions required to approve a loan. The mortgage company must order services...

Impact of Brexit Lowering Mortgage Rates

In one of the most watched political developments in recent memory is the decision by British voters to leave the European Union. This “exit” narrowly...

VA Loan Approval: How to Use Your VA Eligibility

There are two primary sources of mortgage money in today’s marketplace- conventional and government backed loans. Conventional loans are those underwritten to standards issued...

Fannie Mae vs. Freddie Mac: Which One Is Better?

If you’ve ever gone completely through the mortgage process you know full well there are rules that lenders must follow. From federal compliance to...

Mortgage Impound Accounts: Good or Bad?

  Are you getting ready to buy a home? Maybe you’re thinking of refinancing and you’re shopping around for a lender? Applying for and getting...

Does Your Mortgage Lender Tell You When It’s Time to Refinance?

Both consumers and the majority of Mortgage Lender view a mortgage application as a singular transaction. And for the most part, that might seem...