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What Are Mortgage Origination Fees?

What Are Mortgage Origination Fees?

As a first-time homebuyer, there may be many mortgage terms that sound foreign to you. For example, when you start looking at interest rates offered by lenders, they will often be accompanied by a number of “points” or “origination fees.” What are these e

Dec 15, 2021 | Purchasing a Home

What does Homeowners Insurance Cover?

What does Homeowners Insurance Cover?

Before you are allowed to sign on the dotted line for a mortgage loan, your lender will require you to have homeowners insurance. This type of insurance protects your property (and the things inside) against damage and loss. It basically provides enough c

Dec 01, 2021 | Purchasing a Home

What is a Mortgage Contingency?

What is a Mortgage Contingency?

When you find the right home to buy, you make an offer, put down a deposit once your offer is accepted and you sign a sales contract. Then you move on to inspections and financing. Pretty straightforward. But what if something goes wrong during the closin

Nov 10, 2021 | Purchasing a Home

How to Prepare Your Home for an Appraisal

How to Prepare Your Home for an Appraisal

After you’ve accepted an offer to sell your home, your property will be appraised to see if it's worth what the buyer is offering. This appraisal is crucial to making sure the sale goes through smoothly. If it comes in too low, the buyers might back out o

Nov 03, 2021 | Purchasing a Home

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