Category: Mortgages

5 Things You Should Know When Getting A Home Appraisal

Written by Jason Nelson on July 7, 2015
Home Inspection

Most people who intend to buy a property have a set price in mind. However, the value of a home doesn’t depend on a buyer’s offer or on the asking price, but on the home appraisal done by a qualified professional. To determine the value of a property, an appraiser must assess the condition of […]

How to Calculate PMI on a Conventional Loan

Written by Jason Nelson on June 25, 2015
How to calculate your mortgage PMI

Though private mortgage insurance (PMI) implies additional costs, it can help people purchase a home without saving a lot of money for the down payment or depleting their emergency fund. Since insurance is an important part of a loan agreement, we’ll use this post to explain how to calculate PMI on a conventional loan. Before […]

8 Benefits of a Conventional Mortgage Loan

Written by Jason Nelson on June 11, 2015
conventional mortgage loan

With interest rates kept at record lows, many Americans are planning to buy a house or refinance their mortgages. To make the best possible decision, weighing the loan options available today is a must. Among all the options, a conventional loan offers unique features that can benefit various situations and put many individuals on a […]

Discount Points Will Lower Your Mortgage Payment

Written by Jason Nelson on May 29, 2015
discount points

Defined as a form or prepaid interest, discount points, or mortgage points, allow consumers to get a lower rate on a fixed-rate mortgage. This indirectly means that mortgage points and interest rates are inversely proportional, each discount point paid lowering the rate by 0.25 percent. Discount points should not be confused with origination points, which […]

Should You Pay Discount Points On Your Home Loan?

Written by Jason Nelson on May 28, 2015
discount points

Anyone thinking about getting a home loan wants a low interest rate, but not everyone will qualify for one. Assuming that the lender doesn’t want to negotiate a lower rate, there’s one more option borrowers should know about: discount points, also referred to as mortgage points. What Are Discount Points? Defined as a fee a […]