Although they are not nearly as common today, some mortgage loans do come with a prepayment penalty. Home loan borrowers should be aware of them before signing their names on the dotted line. Here’s what you need to know about prepayment penalties:
Dec 12, 2018 | Mortgage Basics Home Buying or Selling
The dance between home buyer and seller is a tricky one. Although it might seem like a match made in heaven – one person wants to buy a house, the other has a house to sell – there are a lot of factors that go into whether a sale will be successful or n
Nov 29, 2018 | Home Buying or Selling
Getting a mortgage pre-approval is a smart step before you go out looking for a home. A pre-approval letter shows sellers that you have already proven to a mortgage company that you have the income and down payment to qualify for a mortgage loan. T
Nov 28, 2018 | First-time Homebuyers Home Buying or Selling
The majority of homes around the country are purchased with the aid of traditional, conforming mortgage loans. Yet when home prices rise quickly, many markets have price tags that are too high for these standard loans. Enter the jumbo loan. Wha
Nov 14, 2018 | Home Buying or Selling
You're planning on buying a home in the new future when your lease is up. You don't have much saved for a down payment due to recently getting married. So you're considering asking a family member for a gift for your down payment. You
Nov 02, 2018 | First-time Homebuyers Home Buying or Selling
Buying a home is a big step in life and a significant commitment. Most of us will need to secure financing, working with a Utah mortgage broker, to purchase a new home. For this step, a majority of programs require a down payment. A down pa
Oct 23, 2018 | First-time Homebuyers Home Buying or Selling
