What Do I Get At Closing?
For most real estate loans, you will receive a Closing Disclosure 3 business days before loan consummation –
which frequently happens at the closing meeting.
At the meeting itself you should receive a copy of your Mortgage Note –
your obligation to repa...
What Is The Best Way To Compare Loan Terms Between Lenders?
Watch this video and take a few notes!
First, devise a checklist for the information from each lending institution. You should include:
the company's name and basic information
the type of mortgage
minimum down payment required
How Can I Improve My Home’s Value?
Buyers generally seek the least expensive home in the best neighborhood they can handle. Like the guy in the video says, you want to present a home that fits in the neighborhood but doesn’t stand out too much.
For example if neighbors are all 4 bedrooms, 3 bath...
What Is Mortgage Insurance?
Like the video shows, mortgage insurance is a policy that protects lenders against some or most of the losses that result from defaults on home mortgages. Like home or auto insurance, mortgage insurance requires payment of a premium, is for protection against loss...