When you make monthly mortgage payments, a portion of that money goes toward the loan principal, and a portion is applied to the interest. Amortization is all about understanding the relationship between the principal and the interest, and how this relationship changes over the life of the loan.
Want to learn more about the home buying process? Watch our video, which breaks down the buying process into a few easy steps.
In an effort to make life easier, we sometimes make it more complicated than it should be. A lot of our clients call us to ask questions or make adjustments to their mortgages, when it’s actually easier – and faster – to do online! I’ll break down the amount of clients who called in the month of December and provide a solution that could have made their lives easier!
With a YOURgage fixed-rate mortgage, you can customize your loan term, anywhere from eight to 30 years. And with a fixed rate, you’ll have peace of mind knowing that your monthly payments will always stay the same. Watch our video to see if a YOURgage could be right for you.
If you’re looking to save thousands in interest on your mortgage, pay it off quicker, build equity in your house faster, and enjoy making monthly payments at a fixed rate, check out the Quicken Loans 15-year fixed-rate loan. It could be a great way for you to either buy your first home, or refinance your current loan.
From the very first phone call with my Home Loan Expert to signing the last document at the closing table, there’s nothing about my mortgage experience that didn’t go well with Quicken Loans. Here are five ways MyQL can improve your mortgage experience, too!
Have you ever wondered what affects the interest rates you can get on your mortgage? In this post, we’ll explain how the price of crude oil influences your pocketbook in more ways than one.
Getting a mortgage is often referred to as “the mortgage process,” with an emphasis on the “process” part. It’s not a one-and-done type of event (as much as we all want it to be), but getting preapproved can set you up for success. When you get preapproved you get a beautiful document called a preapproval letter, also known as your PAL. But before we get ahead of ourselves, let’s nail down the preapproval basics.
The latest video in our Zing Education Series is on a topic that affects many of our clients who are going through the refinance process: subordination. Learn about subordination, and how it can affect refinancing your mortgage.
Mortgage escrow is something that many of our clients have questions about. So we created a video to explain it. Enjoy!