Here’s how it works: You cross the room and find yourself sitting opposite of a lender who slides an item called a Loan Estimate across … Read More

At this point, you are at the closing table. The check’s been written, the contract’s been signed, the money’s been wired, and it’s time for … Read More

Unless you read what it says, title insurance might seem like an arbitrary line item on your settlement statement. Unlike other bills (such as homeowners … Read More

A house isn’t a home, it’s a decision. Specifically, it’s a decision regarding whether you’re willing to cough up cash. Most people realize that buying … Read More

When banks look at your savings, they don’t consider it in terms of raw dollars; they look at it as a percentage of home’s price. … Read More

Every month, you look at your mortgage statement and it has hardly budged. Five (or 10) years of payments later, and it’s as though you’re … Read More

Your mortgage is paid from same exact check each month. But when bank records it, they break out the details differently. Most months; especially at … Read More

If you’ve ever looked at your mortgage statement, there’s a line for “principal & interest“, then another line with a higher number which always strike … Read More

When you purchase a home with only 10 percent down payment and enroll in private mortgage insurance plan, you are signing up for a permanent … Read More

The decision between taking out a variable- or fixed-rate loan is one of the most important financial decisions you’ll ever make. Typically this is simply … Read More