Although they are not nearly as common today, some mortgage loans do come with a prepayment penalty. Home loan borrowers should be aware of them before signing their names on the dotted line. Here’s what you need to know about prepayment penalties:
Dec 12, 2018 | Purchasing a Home Refinancing a Home
As you near retirement, you may be anxious to completely pay off your mortgage and be debt-free before your traditional income stops. In most cases, this is the best plan but there are situations when holding on to your mortgage into retirement may
Dec 05, 2018 | Reverse Mortgages Refinancing a Home
When you sit down to sign the papers to buy a home, you will most likely be required to pay closing costs. Mortgage closing costs are the fees associated with the home buying and lending process. What is included in my closing costs? The types of
Aug 22, 2018 | Purchasing a Home Refinancing a Home Conventional Loans
When you are in the market for a mortgage, one of the many decisions you’ll have to make is whether to apply for a fixed-rate loan or an adjustable rate mortgage (ARM). Both can be beneficial, depending on your situation. Learning the difference bet
Aug 15, 2018 | Purchasing a Home Fixed Rate Mortgages Adjustable Rate Mortgages Refinancing a Home