Determine the real cost of your loan. If you haven’t noticed already, very often the loan’s base rate and the annual percentage rate (APR) are completely different. Before you sign the paperwork for your new home, be sure that you know the real price tag by differentiating between these two […]
While the mortgage game might be the same the rules have changed to favor homebuyers! The new rules “Know Before You Owe” helps borrowers by providing clarity of their mortgage costs and dues. Having been in effect since October 3rd, when homebuyers apply for a mortgage, they’ll receive new disclosures […]
New laws could slow down your mortgage loan home-buying process. From October 3rd, 2015, home buyers applying for a mortgage will receive new rate and fee quote forms from lenders. The disclosures, TILA-RESPA Integrated Disclosures (or TRID), will ease the process of understanding the rate and fees from lenders, though it will […]