Jan 1, 2019Let's Play Mortgage Lingo Bingo: Interest RateInterest Rate When you borrow money to purchase a home, you pay interest on that loan according to rates set by the market. Rates change...
Jan 1, 2019Let's Play Mortgage Lingo Bingo: Closing CostsClosing Costs Closing costs are a one-time payment due when you close your loan. Everyone’s closing costs vary slightly, but below are a...
Jan 1, 2019Let's Play Mortgage Lingo Bingo: DisclosuresDisclosures As your lender, I’m required to provide to you certain informational documents throughout the loan application process so...
Jan 1, 2019Let's Play Mortgage Lingo Bingo: Loan TypesLoan Types Conventional Loans: The lender assumes the risk for lending you money. As a result, these have more stringent credit...