As you head to your loan closing, you may hear the term table funding used. You may also hear it called a ‘wet closing.’ This is in contrast to the other option, which is a ‘dry closing.’ While the names sound odd, it basically pertains to a closing that occurs when the ink on the paper is ‘wet,’ or Read more
What is the Ideal Mortgage Term?
Applying for a mortgage means you have to make many decisions. Among them is the mortgage term. This determines how long you will take to pay your mortgage back. It has a major impact on the amount of your monthly payment; your interest rate, and the amount of interest you pay over the life of the Read more
Which Loan Should You Use as a First-Time Homebuyer?
Have you heard that the FHA loan is the best first-time homebuyer’s loan? In fact, it’s been known as only a first-time homebuyer’s loan for many years. That’s not the case, though. First-time homebuyers can use any type of financing that is available in today’s market. What you need to decide is Read more
What are the General Mortgage Requirements for First-Time Home Buyers?
If you are a first-time homebuyer, you are probably overwhelmed at the many loan options available today. While there isn’t a first-time homebuyer’s loan in particular, there are minimum requirements you’ll have to meet in order to qualify for a mortgage.Compare Offers from Several Mortgage Read more
What is a Blanket Mortgage?
Developers that buy multiple properties at once often don’t want individual mortgage programs. That can become a nightmare. They prefer the blanket mortgage, which is one mortgage program that covers the purchase of one or more properties.Get Matched with a Lender, Click Here.The blanket Read more
