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Mortgage Terms You Should Know

Aug 10, 2021 (0) comment

Mortgage Terms You Should Know: Closing Costs: These are costs outside a property’s sales price that must be paid to cover the cost of...

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Mortgage Terms you should know

Aug 03, 2021 (0) comment

Mortgage Terms You Should Know: Closing: The famous words everyone wants to hear. Closing! In Real Estate, closing is the delivery of a deed,...

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Mortgage Terms You Should Know

Jul 27, 2021 (0) comment

Mortgage Terms You Should Know: Cap (Payment): A payment cap is a consumer safeguard on an ARM (Adjustable Rate Mortgage) that limits the amount...

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Mortgage terms you should know

Jul 13, 2021 (0) comment

Mortgage Terms you should know: Buyers Agent: This is someone who acts on behalf of, and represents a buyer in a real estate transaction....

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Mortgage Terms you should know…

Jun 29, 2021 (0) comment

Closed-Ended Credit: This is a loan of a specific amount of money for a specific period of time. You repay this type of loan...

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Mortgage terms you should know….

Jun 01, 2021 (0) comment

Balloon Mortgage: This is a mortgage with a low interest rate that stays level for a short time (typically 5 to 7 years), with...

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Terms you should know

May 11, 2021 (0) comment

Amortization: Is the process of paying off a loan through a series of periodic payments to a lender. The payments include two items: interest,...

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Terms you should know.

May 04, 2021 (0) comment

Terms you should know…..Agent. An Agent is a person who legally represents another, called a principal, and from whom they derive, express or implied...

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Terms you should know

Apr 27, 2021 (0) comment

Assumable: An Assumable Loan is one where the buyer assumes responsibility for repaying the unpaid balance of the original loan. Not every home loan...

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Terms You Should Know

Apr 13, 2021 (0) comment

The Magic Words: Commitment Letter. TheΒ Commitment Letter is a formal notice from a Lender confirming the “Conditional Approval” and detailing the terms agreed upon...

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