There is a lot of terminologies involved in the mortgage application process, and one common term people come across is a mortgage point. What exactly is a mortgage point, and how might impact the price of the loan?
What’s Ahead For Mortgage Rates This Week – January 3, 2022
Last week’s economic reporting included readings from S&P Case-Shiller Home Price Indices and the National Association of Realtors(R) released its monthly report on pending home sales. Weekly reports on mortgage rates and jobless claims were also released.
Do You Need Mortgage Insurance Even If It’s Not Required By Your Lender? Let’s Take A Look
Most loan applications with less than 20% down payment are required to include mortgage insurance with the loan. However, mortgage insurance may still be needed, even if it’s not typically required by your lender.
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