Everyone needs to manage debt, save money and plan for the future. Without an understanding of common financial terms, you can’t do any of that, regardless of what year you were born. Get started with our glossary of common financial terms!
If you’re wondering what that phrase after your name on a deed or title is, then this is the right blog for you! When title companies determine how you will hold title they will look at your “vesting” deed, which is your most recent deed. Determining how to hold title depends on an individual’s current situation, and how that person wants to pass ownership in the event of death, divorce or sale of their real estate.
Private mortgage insurance, or PMI, gets a bad rap. I mean, no one likes to spend extra money if they can avoid it, right? But what happens if you can’t avoid it? What if you’ve found the house of your dreams but don’t have 20% saved for a down payment? Let’s explore the ways that PMI can help get you into your perfect home.
The closing of your mortgage is an exciting, yet stressful time. Being prepared for the closing is important for a smooth and stress-free ending to the mortgage process. Here are a few tips for being prepared for that closing, thanks to our friends at Title Source!
When major life events change the facts of your life, they can also change your tax situation. With tax season under way, it makes sense to consider how certain events will impact your situation. The Motley Fool has a list of life events that can impact your taxes. One of those things is buying a home with a mortgage.
Today, we’re talking about entitlement as it relates to VA loans. An entitlement in this case is the dollar amount the VA promises to repay the lender in the event you default on your mortgage. Entitlement is a tricky thing to explain and understand. Recently, Quicken Loans hosted a VA loan Q&A on Google Hangouts to try to answer the tricky entitlement question. Read on to find out more.
We’ve addressed the topic of whether you can have more than one VA loan at a time in our Google hangout, but the topic is often difficult for many veterans to understand. Because you’re dealing with entitlement and maximum loan amounts, it can seem incredibly complicated, but once it’s broken down, the process isn’t as bad as it first seems
Although ARMs were one type of loan used prior to the crash, what was called an ARM then and what is an ARM now are very different.
Becoming the most informed home owner should be at the top of your priority list! Quicken Loans is out to help you do just that with our new billing statement. So much to see! So much to learn!
Adjustable rate mortgages (ARMs) often get a bad rap. From rising interest rates to rate adjustments that could potentially take your payments outside of your budget, there are plenty of myths about ARMs. However, depending on your situation, an ARM might be just what you’re looking for.