Recasting mortgage payments is a little-known gem when it comes to homeowner finances. It’s often viewed as a method to lower monthly payments without extending the length of your loan term. But what exactly is mortgage recasting? Are there any disadvantages to it? What about my interest rates? Will my ...
Continue ReadingWhether you’re starting your home purchasing journey or if you’re interested in pursuing a mortgage loan for refinancing, completing a mortgage application may be heavily on your mind. Knowing what to expect and preparing ahead of time can help you nail down the process quicker and become more likely to ...
Continue ReadingIf buying a home is something you’re considering, you might be curious about the different types of mortgages that are available to you. After all, the interest rate on your loan could have a huge impact on your finances over time, saving you thousands of dollars. In today’s post, I’m ...
Continue ReadingMortgage servicers are companies responsible for the logistical aspects of servicing a loan. Things like processing and tracking payments, sending payment reminders and filing foreclosure documents are some of the tasks they perform. How loan servicing works Your mortgage servicer helps handle your loan, but also satisfies certain federal requirements. ...
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