Search results for “Mortgage Insurance”
What is PMI? The idea of owning a home for the first time is an exhilarating prospect for many people. Factor in the excitement of having found a dream home or needing to make a move in a hurry for a...
7 Things to Know About Homeowners Insurance in 2022
What is Homeowners Insurance? Homeowners insurance is a type of property coverage designed to protect the homeowner, mortgage lender, occupants, and even your family’s belongings against a number of u...
8 Things You Need to Know About Homeowners Insurance
If buying homeowners insurance is on your radar, read on to learn about policies, premiums, claims, and more. 1. There Are Various Insurance Policies and Coverages Depending on the insurer and where y...
What is Title Insurance and Why Do I Need It?
Titles and the homebuying process Since titles are part of the legal process of transferring ownership, before the title can be transferred, it must be “cleared” before the buyer can have it. Your len...
15 Mortgage Terms You Need to Know
1. AmortizationAmortization describes the shrinking of your mortgage as you pay it off. With each mortgage payment you make, part of the repayment is applied towards reducing the principal, while a se...
Which Mortgage is Best for You: ARM or Fixed Rate Mortgage?
Fixed Rate Mortgage Benefits Not only will the fixed rate you secure today be the same rate 10, 20, and 30 years from now, but the 30-year fixed-rate mortgage is also attractive because you can purcha...
Inflation and Mortgage Rates In 1971, the average mortgage rate was 7.31% - a rate that may seem relatively high compared to today’s rates. However, in 1974 the average annual rate of inflation began ...
How Does Mortgage Interest Work?
Here is How Your Mortgage Is Calculated Amortization Mortgages are repaid with amortization. This is an established installment loan repayment schedule that includes your overall monthly payment and ...