by Mortgage Broker | Oct 24, 2025 | Uncategorized
Key Takeaways: A mortgage recast lowers your monthly payment after you make a large lump-sum payment toward your loan balance. You get to keep your current interest rate and loan term exactly the same. This process is much cheaper than refinancing because you avoid...
by Mortgage Broker | Oct 17, 2025 | Uncategorized
Key Takeaways: Townhouses offer a balance between condos and single-family homes since you own the land and the unit but share walls with neighbors. They are often more affordable than detached houses and require less maintenance because a homeowners association...
by Mortgage Broker | Oct 14, 2025 | Uncategorized
Key Takeaways: Most people can apply for a mortgage two to four years after bankruptcy, depending on whether they filed for Chapter 7 or Chapter 13. Government-backed options like FHA and VA loans often allow you to buy sooner than conventional mortgages if you meet...
by Mortgage Broker | Oct 10, 2025 | Uncategorized
Key Takeaways: An exclusive agency listing allows you to work with one real estate agent while retaining the right to sell the home yourself. You only pay a commission if the agent finds the buyer, meaning you pay nothing if you secure the sale independently. This...
by Mortgage Broker | Oct 10, 2025 | Uncategorized
Key takeaways: Local tax collectors use the assessed value to figure out your yearly tax bill, while lenders use the appraised value to approve your mortgage or refinance loan. It is normal for the appraised value to be higher than the assessed value because tax...
by Mortgage Broker | Oct 8, 2025 | Uncategorized
Key takeaways A duplex is a residential property that contains two separate living units under one single roof. Owners often live in one unit and rent out the other to help pay their mortgage and build savings. These homes are popular with first-time buyers because...
