VA loans provide veterans with 100% financing with flexible underwriting requirements. In exchange for the flexible guidelines, though, most veterans pay what’s called a VA funding fee. This fee is a percentage of your loan amount and is paid directly to the VA. It’s how the VA continues to provide Read more
Who Handles the Mortgage if a Borrower Dies?
When you take out a mortgage, you have to plan for the future. This includes the unexpected. While no one likes to think about their own death, it’s important to plan. Your house loan does not just go away because you are no longer with us. It becomes the responsibility of those you left behind. Read more
The 4 Hidden Costs of Homeownership and What You Can Do About Them
Homeownership is a rewarding, life-long investment. But let’s be practical, buying a home has costs with some of them out in the open like down payment. Still, other costs can be hidden because they come in later when you have closed the loan.It’s never too late to prepare for these so-called Read more
Shopping for the Best Mortgage Means Looking at Its Costs
This month we are celebrating the National Homeownership Month. In the endeavor of buying a home, everyone is encouraged to shop and compare mortgages. This puts things in perspective, the costs involved in borrowing money for your home being at the forefront. Indeed, rates don’t solely make a Read more
Is it Possible to Get a Refund on My Mortgage Insurance?
nsLending is a risky business. That is why lenders establish specific measures to ensure that they get buffered from loss in case borrowers default on their loan. One of these measures is what many commonly know as a Private Mortgage Insurance (PMI). PMI Defined A private mortgage insurance is a Read more
