In the News: Student Loan Payments Are Back
Well, the 3+ year break in student loan payments is coming to an end and as of 9/1/23, interest on federal student loans has resumed. What you need to know when it comes to securing a mortgage: When there is no student loan payment reported on your credit report, the...Changes to Lending on Condos
Do you remember the condo building in Miami that collapsed in 2021 due to its structural deterioration and spalling? It was devastating, and many people died. But it also brought attention to how frequently (or infrequently) condominium projects are inspected and...“I’m Paying Mortgage Insurance – When Can I Cancel It?”
If you purchased or refinanced your home and put down less than 20% (or had less than 20% equity), then you are most likely paying Private Mortgage Insurance (PMI). PMI is charged as an insurance policy for the lender against you defaulting on your mortgage, since you...Financing Options for Buying a New Home Prior to Selling Your Current
It is not an unusual situation to want to buy a new home prior to selling your current; the biggest reason is that you save the hassle (and fees) of moving twice. Although the market is becoming a little more buyer-friendly, there still is enough demand (coupled with...“Why Do I Get So Many Unwanted Solicitations When I Apply for a Mortgage?”
When you apply for a mortgage, whether to purchase or refinance, the three major credit bureaus have record of the inquiry into your credit and unfortunately will sell that information in the form of a lead to lenders and banks. This has been dubbed a “trigger...Loan Calculator
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