by Maxo88 | Jun 5, 2019 | Loan Terms, Mortgage Refinance
Fees and No Fees, What’s the Difference Any loan where the lender pays all of your closing costs (title & escrow fees, appraisal, lender’s fees, etc.- any non-recurring expenses), is commonly referred to as a “no-cost” loan. A true...
by Maxo88 | Jun 2, 2019 | Credit, Uncategorized
Your Credit Score A credit score is one of several pieces of information a lender uses to decide whether or not you qualify for a loan. If you’ve ever had a car loan or a credit card, you’ve had a credit score, even if you didn’t know it. Your credit score...
by Maxo88 | May 13, 2019 | Mortgage Refinance
When to Refinance Your Home Switch from an Adjustable Rate Mortgage (ARM) to a Fixed Rate Loan If your adjustable (ARM) has moved up on you in the last few years and you don’t feel like starting with another low rate only to watch it move again, consider...
by Maxo88 | May 2, 2019 | Home Equity, Loan Terms
HELOC FAQ- Home Equity Line of Credit If you need to borrow money, home equity lines may be one useful source of credit. Initially at least, they may provide you with large amounts of cash at relatively low interest rates and they may provide you with certain tax...
by Maxo88 | Apr 5, 2019 | Loan Terms
Features and Benefits of Jumbo (Non-Conforming) Loans FEATURES BENEFITS Loans Up to $4,000,000 Purchase or refinance Fixed Rate Options 15/20/25/30 year terms Fixed Term Options 3yr, 5yr, 7yr, 10yr fixed adjustable rate Options 6mo/1yr treasury, libor, cofi ...
