Expert Insights: What Is an Assumable Mortgage?
It is a mortgage held by the seller that can be taken over by the buyer when a home is sold. Such loans are hard to find because most lenders stopped voluntarily writing them many years ago. Most new assumable loans today are adjustable rate mortgages. An assumable...
Expert Insights: Are There Such Things as No-Cost and No-Fee Loans?
You see promotions for them all the time but banking regulators have gone after lenders who misrepresent these loans. The reality is that no-cost and no-fee loans may actually cost the borrower more over the long term because costs are often hidden by rolling them...
Expert Insights: Is It True That Some Lenders Grant Loans Based on Very Little Documentation?
Not too long ago, they offered in abundance what are called ‘stated income loans’, more commonly referred to as ‘no doc’ or ‘low-doc’ loans, mortgages that require no documentation or little documentation to verify the...
Expert Insights: What Are Conventional Loan Limits?
Conventional loan limits are limits imposed on the amount of money you can borrow to finance a home purchase. The loan limit generally increases each year and applies to single-family homes in the 48 contiguous states, with higher limits in Alaska, Hawaii, Guam and...
Strategies to Boost Your Content’s Visibility
What’s the point of having a social media game plan if your content isn’t getting in front of the right people? Here are a few ways to improve your brand’s visibility and reach on social media.
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