Mortgage insurance has crossed your thoughts if you are going to get a house. Your mortgage is insured for the lender in case it goes default. Most if not all home owners do not plan on their loan defaulting. All the better, so no need to be concerned with mortgage insurance, right? Wrong. Mortgage insurance can be used to reduce your mortgage down payment or interest rate. That seems like a good deal and is at least looking into, right? A down payment is tough for many buyers to come up … [Read more...]
Hiring A Mortgage Broker To Get A Good Deal For You
Working with a mortgage broker can often be the best way to get a loan that suits your needs. Securing a mortgage can often be a confusing process, since there are so many different options to consider. Although it's not hard to find stories of people who had bad experiences with disreputable mortgage brokers, there are some tips you can follow in order to insure that you choose a broker you can trust. For starters, the best way to find one is to talk to people you know and sees if anyone … [Read more...]