Whether you’ve been living with family or renting with roommates, becoming a homeowner is a huge stepping stone in anyone’s life.
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Nov 27
Private mortgage insurance, commonly abbreviated as PMI, is a monthly payment that protects lender against a loan foreclosure.
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Nov 27
Points are used to pay for a reduced interest rate on a home loan. Each point correlates to one percent of the loan amount.
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Nov 27
The annual percentage rate gets a lot of borrowers confused when shopping for a loan.
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Nov 27
An adjustable-rate mortgage (ARM) is a loan program made up of two parts: a fixed rate period, and a series of rate adjustment periods.
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Nov 27
A fixed-rate mortgage is one of the most common type of home loans because it’s the least risky for the borrower.