Does your home no longer suit you and your family as well as it did before?
The homebuying process looks something like this: Get pre-approved for a mortgage, find your dream home and win the bidding war.
Private mortgage insurance, commonly abbreviated as PMI, is a monthly payment that protects lender against a loan foreclosure.
Points are used to pay for a reduced interest rate on a home loan. Each point correlates to one percent of the loan amount.
The annual percentage rate gets a lot of borrowers confused when shopping for a loan.
A fixed-rate mortgage is one of the most common type of home loans because it’s the least risky for the borrower.
