Category: Mortgage Basics
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How to Prepare Your Home for an Appraisal
Preparing your home for an appraisal can enhance its value significantly. Follow these steps to maximize your appraisal outcome.
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What is a Mortgage Contingency?
Learn what a mortgage contingency is, how it works, and why it’s crucial for protecting homebuyers in real estate transactions.
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What Does Homeowners Insurance Cover?
Homeowners insurance covers dwelling, personal property, liability, other structures, ALE, and medical payments, with specific exclusions.
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What Are Mortgage Origination Fees?
Understand mortgage origination fees, ranging from 0.5% to 1% of the loan amount, affecting the overall borrowing cost significantly.
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Who Owns My House: Me or My Mortgage Lender?
Discover the truth about homeownership: who owns your house when you have a mortgage? Understand your rights and obligations clearly.
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Which Credit Score Will My Mortgage Lender Use?
Discover the complexities of credit scoring in the mortgage industry and learn which factors lenders consider for your home loan approval.
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FHA Loans: The 9 Most Frequently Asked Questions
FHA loans offer low down payments and flexible eligibility. Learn more about their benefits and qualifications here.
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Your Mortgage Application Document Checklist
Ensure a smooth mortgage application process with our comprehensive checklist covering personal, financial, and property-related documentation requirements.
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Prepayment Penalties: Can I Pay Off My Mortgage Early?
Understanding prepayment penalties is crucial for borrowers considering paying off their mortgage ahead of schedule.
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Answers to the Most Frequently Asked Jumbo Loan Questions
Curious about jumbo loans? Get answers to common questions on rates, qualifications, and benefits from experienced brokers.