PMI (Private Mortgage Insurance) Explained PMI, also known as private mortgage insurance, can be a complicated subject to understand. For those who plan on obtaining a mortgage license in the…
What is PMI (Private Mortgage Insurance)?
The difference between a Mortgage Lender and a Mortgage Broker
Entering into business as a mortgage professional can be a difficult challenge. Regardless of whether you want to work for a mortgage lender or a mortgage broker, you’ll need to…
What are the advantages of a reverse mortgage
Reverse mortgages convert a home’s equity into tax-free income for a senior homeowner. There are many advantages to acquiring a reverse mortgage. Some of these, as compared to traditional loans…
What is a Portfolio Lender?
Understandinging Portfolio Lenders Your credit is good. You make enough cash, and it is clear that you can qualify for a mortgage. But why did the lender recommend a portfolio…
What is a Conventional Mortgage and Why Would You Get One?
What is a Conventional Mortgage and Why Would You Get One? Shopping for a mortgage can be a long and confusing process. With so many different products to choose from…
What are the advantages and disadvantages of a VA Loan for you next Home purchase
Veterans Affairs home loans are a popular choice with military home buyers. Not just for Veterans, these loans are also available for service members and surviving spouses. VA home loans…
An Overview of Different Mortgage Types & How to Choose
Buying a home is one of the biggest purchases you will ever make. Your dream home will not stay on the market forever, and chances are that you do not…
What is an FHA Home Loan?
What is an FHA Home Loan? FHA stands for “Federal Housing Administration.” The Federal Housing Administration home loan program is a specially designed program administered under the umbrella of the…
How Do Construction Loans Work?
Everyone dreams of building a brand new home from the ground up to their exact specifications. However, many believe this dream is too far-fetched and simply out of reach. Could…
What is the Home Affordable Refinance Program?
The Home Affordable Refinance Program (HARP) worked for almost ten years to help responsible homeowners refinance loans they owed more on than the home was worth. While HARP has ended,…