Canceling Private Mortgage Insurance

If you purchased your home with less than 20% down payment on a Conventional loan, you were required to purchase Private Mortgage Insurance (PMI). PMI is a cost that protects the lender in case you default on your mortgage (stop making payments). Lenders are required...

What Affects An Interest Rate Quote

When people ask me what I do and learn that I am a mortgage broker, the usual first and natural question is, “What are interest rates right now?” The answer is always, “It depends.” There are many factors that go into an interest rate, so that’s why it’s important to...

What are the Steps in the Loan Process?

To follow is a general expectation for the loan process, from the time of requesting the loan (or locking in on a rate) through closing. When you first start out, it can seem like a daunting experience as you gather all the documentation and paperwork, but if your...

Tips Regarding Your Refinance

This is a document that I send to clients whom are refinancing their home mortgage. There are a number of “heads up” items listed, all of which are meant to prepare you for any hiccups or annoyances in the refinance process.  Many of these will also apply...