Category Archives: Tips & Trick
Private Mortgage Insurance: The Good, the Bad, and Good Riddance
November 16, 2011 
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Essentially, private mortgage insurance (PMI) is an insurance policy issued by private companies that insures mortgages against default. You might say it’s similar to Lloyds of London insuring a BMW holein- one prize in a golf tournament. Chances are that
Tags: How to Pick the Best Loan after Knowing APR?
In reality, the federal disclosure law creates a useful loan comparison tool. You can have two lenders,
Knowing About the Annual Percentage Rate (APR) Can Save You Money
How would you like a tool that gives you the ability to compare and pick the best loan? The good news is that such a tool exists, and it can save you thousands of dollars; the bad news is that
Understanding Points and Buydowns (4)
Points are normally charged by mortgage lenders as a way of increasing their upfront profit and of offsetting the uncertainty of a loan that would normally go fifteen to thirty years. However, since few mortgages go to their full term
Understanding Points and Buydowns (3)
However, in a competitive market, if you shop around, you may find point discounts as high as one-quarter of 1 percent. Plus, the length of time that you want to lock in the discounted rate is an important factor; a