How You Close on a Mortgage Is Your Call
By Sandy Gadow Special to The Washington Post As the record-setting volume of home purchases and mortgage refinancing…
What Are Fannie Mae Guidelines and Will I Qualify?
Your lender or mortgage broker may refer to “Fannie Mae Guidelines” when asking you for documentation supporting your…
Do I Need a New Title Policy When I Refinance My Mortgage?
You will not be required to obtain a new Owner’s Title policy when you refinance your mortgage, but…
How can the Right of Rescission Protect Me?
The Right of Rescission is a protection given to borrowers under the Truth in Lending Act. This right…
What Is The Difference Between a Title Theory and a Lien Theory State?
Often a buyer wonders if he is buying property in a state which is considered a “title theory…
What Is The Difference Between A Mortgage And A Deed of Trust?
When a borrower signs a promissory note, he is agreeing to pay the lender a specific amount of…
Will My Loan Have A Prepayment Penalty?
Prepayment penalties are those charges which a lender imposes if you wish to pay off your loan early….
Escrow Impound Accounts: Do You Have a Choice?
Escrow impound accounts are those accounts which lenders set up to collect “up-front” money from you when you…