The mortgage industry is filled with jargon that can overwhelm and confuse the best of us. Perhaps no two terms are easier to muddle than mortgage broker and mortgage lender. Understanding their differences and where they overlap can be a helpful first step to managing the home-buying journey. To help remove any confusion, we’ll cover the difference between a … [Read more...] about What is the difference between mortgage brokers and lenders?
Last minute and ongoing tax tips for 2020
This article comes from our friends at Harness Wealth. You can find the original post here. The start of the year is an opportune time to look for ways to save and to understand how life changes affect what you owe. But even as you look ahead to the 2020 tax year, you still have time to take actions that lessen the bill on last year’s income. The tips below can help you … [Read more...] about Last minute and ongoing tax tips for 2020
3 confusing parts of your closing disclosure—demystified!
It’s just a few days before your loan is scheduled to close. Your lender suddenly sends you their closing disclosure: a hefty document that highlights the terms of your loan and all the costs that come with it. At a quick glance, it all seems to check off. The closing date is accurate. The loan terms are what you expect. The projected payments seem straightforward and … [Read more...] about 3 confusing parts of your closing disclosure—demystified!
APR vs interest rate: Breaking down their key differences
Whenever you evaluate loan options, one of the first things you’ll see is each of their interest rates and annual percentage rates (APR). It’s easy to conflate the two. After all, they’re both shown as percentages, and their figures are often close. Yet, each represents entirely different things. Knowing their differences can help you better evaluate each loan option and … [Read more...] about APR vs interest rate: Breaking down their key differences
4 Steps Every Homebuyer Should Follow When Getting a Mortgage
We wanted to thank our friends over at Lemonade—a licensed insurance carrier that offers homeowners and renters insurance powered by AI—for their help in writing this article! The process of searching for and getting a Mortgage might seem confusing and overwhelming. But when you break it down bit-by-bit, it becomes a whole lot easier to understand. We'll review the key … [Read more...] about 4 Steps Every Homebuyer Should Follow When Getting a Mortgage
