Horror stories often abound when house hunting enters the conversation. Whatever you’ve heard, it’s natural to feel a little apprehensive when making what could be one of the biggest purchases in your life. If you’re in the market for a home, follow these tips to drop the drama at the door during your search for a home.
Mortgage closing costs are fees charged by the lender, to you, for services that must be performed in order to close your loan. You might be curious about how they’re determined and what’s included, so let’s go over what you can expect on a typical mortgage transaction when you buy or refinance a home.
On December 10, 2016, an enhanced property inspection waiver (PIW) will be offered to all lenders to extend to their eligible clients for Fannie Mae refinances. For clients who receive a PIW, this will reduce the stress of waiting on an appraisal value, speed up the loan process and save money spent to pay for the appraisal.