Jumbo things are normally great, like jumbo shrimp or jumbo jets. Does the same apply to a jumbo loan? Read this week’s Know Your Mortgage to see what the “Jumbo” implies for your home loan.
Tag Archives | Know Your Mortgage
Summer Break might be on your mind, but before you take an extended vacation consider the simple ways you can protect your home from flooding. Take a deeper look in this week’s Know Your Mortgage.
Not everything in the mortgage world is as intimidating as it seems. Sometimes, complicated issues have a lot of variables that just need to be clarified. That’s exactly what we do in this week’s Know Your Mortgage with Net Escrow.
We’re long past the basics in Know Your Mortgage. Today, we move on to advanced topics. What’s on the agenda? Subordination.
Good Faith Estimates are informative, vital, and required by the government so a borrower can get a good idea of what they will pay for their home. Not familiar with GFE’s? Read this week’s Know Your Mortgage to learn about them!
How well do you know your home loan? Sure you’ve been making payments on it, but do you even know if it’s recourse or not? What’s recourse you ask? Read this week’s Know Your Mortgage to find out.
Have some burning questions about what escrow is and how it relates to your mortgage? Well read on my friend, because this week’s Know Your Mortgage has the ins and outs of escrow.
Reverse Mortgages are shrouded in confusion and misunderstanding. How does it work? Why is it reversed? What’s a mortgage? You should really know the answer to that last question, but i’ll help answer everything else in this week’s Know Your Mortgage: Reverse Mortgages.
We’re getting more comfortable with home loans as the weeks progress, but i’m about to throw in a variable: Veterans are eligible for great perks and discounts on their mortgages. They’re called VA loans, and they are simplified as much as possible in this week’s Know Your Mortgage: VA loans.
So you’ve mastered the fixed-rate mortgage, but now you’re telling me there’s one that can adjust? Relax, start breathing, and take a minute to read this week’s Know Your Mortgage to get a simplified explanation of how and adjustable rate mortgage works.