When you buy a home or refinance, your lender will talk about setting up an “escrow” account. They may also refer to the charges in that account at “impounds.” If you are new to mortgage loans, you may not understand what these ter
Dec 30, 2020 | Mortgage Advice
Back in the U.S. housing boom in the early 2000s, mortgage money flowed freely, with many borrowers being qualified for more loan than they could actually afford. When the housing bubble burst and the entire economy took a hit, those same home buyers ofte
Dec 09, 2020 | Interest Rates Preapproval Mortgage Advice
The COVID-19 crisis has left millions of Americans unemployed and uncertain of how to make their mortgage payments and other debt obligations. In response to the need for emergency funds, the government created the Coronavirus Aid, Relief, and Economic Se
Nov 04, 2020 | Mortgage Advice
No one signs a mortgage contract thinking they won’t be able to keep up with the payments. And yet life sometimes throws us curveballs. The recent coronavirus crisis, for example, has sent millions into unemployment and a state of financial unc
Aug 20, 2020 | Mortgage Advice
Benefits of Prepayment The main benefit of paying off your mortgage early is the savings. Even by cutting off just a few years from your home loan, you can save thousands of dollars in interest. For example, if you take out a 30-year mortgage loan for $2
Jul 22, 2020 | Mortgage Advice
With the coronavirus spreading across the nation, many people have lost income as companies have temporarily closed their doors to stop the contagion. If your income has been disrupted and you do not think you’ll be able to make your mortgage paymen
Apr 15, 2020 | Mortgage Advice
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