When searching for a mortgage, many homeowners might wonder: “What is APR?” Mortgage loans have interest rates, but also other costs – this is where the annual percentage rate (APR) comes into play. But what exactly does APR mean, and why does it matter for mortgages? Here is a basic ...
Continue ReadingAs you embark on your home selling journey, you may have started searching for mortgage loans to acquire financing for your next home purchase. As you fill out applications, you’ll notice most require employment verification. What is mortgage employment verification? Before giving approval for a mortgage loan, lenders verify employment ...
Continue ReadingMortgages can be a very flustering part of the homebuying process, just based on the sheer volume of available options. Most homebuyers choose the 30-year fixed rate option, as long as they meet the criteria. But what about the 15-year option? What choices are available for homebuyers, first-time and experienced? ...
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