Mortgage lender vs bank reddit
If you are ready to get a mortgage you are in luck. Currently mortgage rates are the lowest they have been in a long time. Mortgages are a long commitment so doing the process righ...
A reverse mortgage lets you access your home’s equity without needing to make payments to the reverse mortgage lender, creating a reliable source of income for you. However, revers...
Some traits of predatory mortgage lenders include the lender not disclosing the taxes and insurance amount, trying to rush borrowers into making a fast decision and offering adjust...
When you apply for a mortgage, dozens of documents are involved in the process. From paycheck stubs and previous years’ tax returns to bank statements and copies of your credit rep...
A FHA loan is one which is insured by the Federal Housing Administration. FHA does not actually loan the money itself, but rather insures home mortgage loans issued by banks and ot...
Mortgage refinancing is basically swapping out an old loan for a new better one. Therefore, the new loan pays off the old one, and you begin paying your new lender. The process of ...
The Bank of New York Mellon does not directly sell real-estate-owned, or REO, properties to the general public. However, Fannie Mae and Freddie Mac, the two government-backed insti...
Loan debt generally consists of two parts: the principal, or the total amount of the loan, and interest, or the extra amount the lender charges as compensation for what you’ve borr...
Bank REO (Real Estate Owned) property listings refer to properties that have been foreclosed upon by a bank or lender and are now owned by that financial institution. When a homeow...
For those preparing for retirement or who’ve already retired, a reverse mortgage is a potentially reliable source of long-term income. With a reverse mortgage, you tap your home’s ...