If you are in the market to buy an investment home or second home, you should know that your mortgage terms will be different. By different, we mean more costly. There’s one main reason lenders charge you more - it comes down to the risk.Compare Offers from Several Mortgage Lenders.If you Read more
Are Interest Rates Higher for a Cash Out Refinance?
There’s one thing most borrowers worry about when getting a new mortgage – the interest rate. So it’s no wonder people worry about the interest rate when taking a cash out refinance. The talk is that rates are higher with this type of loan; is it true?Compare Offers from Several Mortgage Read more
When is Lender Paid Mortgage Insurance not a Good Idea?
If you put less than 20 percent down on the purchase of a home, you are going to have to pay Private Mortgage Insurance, but it is not as simple as you might think. You have options when it comes down to how you pay the insurance. There is no getting around having it in one form or another, but you Read more
