Mortgage News and Notes Blog

What Happens If I Lose My Job During the Mortgage Process?

What Happens If I Lose My Job During the Mortgage Process?

You are midway through the process of closing on a new home or a refinance mortgage. Then you lose your job. In today’s coronavirus crisis climate, plenty of home buyers and homeowners have faced this situation. Can the home loan go through or is it

Jul 29, 2020 | Interest Rates

Should I Prepay My Mortgage?

Should I Prepay My Mortgage?

Benefits of Prepayment The main benefit of paying off your mortgage early is the savings. Even by cutting off just a few years from your home loan, you can save thousands of dollars in interest. For example, if you take out a 30-year mortgage loan for $2

Jul 22, 2020 | Mortgage Advice

Everything You Need to Know About Escrow

Everything You Need to Know About Escrow

Even if you’re not in the process of buying a home right now, you’ve probably heard the term escrow before but maybe you don’t know exactly what it means. The more understanding you have of the homebuying process and the terms that come

Jul 16, 2020 |

New FICO “Resilience” Credit Score Could Help Borrowers

New FICO “Resilience” Credit Score Could Help Borrowers

As the U.S. economy reels from record-high unemployment and continued COVID-19 shutdowns, the Fair Isaac Corp. (FICO), a global analytics company and producer of the FICO credit score, released a new credit index recently it hopes will keep mortgage

Jul 15, 2020 | Credit

Is Down Payment Assistance Still Available During COVID-19?

Is Down Payment Assistance Still Available During COVID-19?

Even as demand for mortgage loans has ramped up since the coronavirus crisis began, some aspects of the home loan market have changed. With millions of homeowners applying for mortgage forbearance, lenders have had to take measures to mitigate possible fu

Jul 08, 2020 | Purchasing a Home

6 Questions to Ask a Potential Realtor

6 Questions to Ask a Potential Realtor

6 Questions to Ask a Potential Realtor   In a recent blog post, Important People Involved in Your Homebuying Process, real estate agent is the first person listed. They’re one of the first people you may come into contact with in the homebuyi

Jul 02, 2020 |

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