With the explosive home price growth of the last few years, many people have been priced out of the homebuying market. If you fall in this category, there may be some avenues you could still try to break into the homeownership scene. One of these is short
After searching for the best mortgage lender, you might be surprised to get a letter soon after you close on your new home loan that states that your mortgage has been sold to a different company. You might wonder how that happened and if it is even allow
If you are starting the homebuying process, you may have heard that you should get a mortgage pre-approval, not a prequalification. And yet, mortgage prequalification wouldn’t exist if they didn’t serve a purpose. They simply serve a different
One of the things you’ll pay for when getting a mortgage loan is an origination fee. Here’s what you need to know about origination fees and why you pay them. What Is a Mortgage Loan Origination Fee? Origination means to create, so the loan or
As you begin the mortgage process, you’ll have lots of terminology thrown at you that can be a little confusing. Two similar sounding terms that might have you perplexed are conforming and conventional loans. Are these the same thing? Here’s w
If you’re applying for a home loan, you’ve probably learned that there are many different types of mortgages. There are two major classes of home loans: conventional and government-insured. While both types have their role, consider this expla