Recent Post
Does it matter if your mortgage is sold?
If you get a notice that your mortgage has sold, don't worry. Selling your mortgage allows your lender to “receive a...
What is a Mortgage and How Does it Differ from Other Loans?
A mortgage is a type of loan, but not all loans are mortgages. With a secured loan, the borrower promises a guarantee to...
What does it mean when a company sells your mortgage?
From a borrower's perspective, the “sale” of your mortgage usually means that your mortgage service has been...
What is the Most Common Mortgage Term in the US?
The Most Common Mortgage Term in the U. S.
Understanding the Components of a Mortgage Loan
When it comes to mortgages, there are two main components that you need to understand: interest and principal. Interest...
What is the 1/12 rule in mortgage?
Making an additional mortgage payment each year could significantly reduce the term of your loan. We've already talked a...
Why Are Mortgage Rates Going Up?
The economy is continuing to show strength and interest rates are being adjusted to reflect the higher than expected...
Why is a Mortgage Not a Loan? A Comprehensive Guide
A mortgage is not a loan and it is not something that the lender gives you. It is a security tool that you give to the...
