I just closed my loan with ABC lender and I received a letter showing that the loan was sold to XYZ lender?! What happened?! Did my payment go up? Have the terms changed? Did someone steal my identity and try to get my information? Perhaps you have received this same notice and got all confused.
After retirement age many people sell their family homes for enough money to buy a smaller, more manageable home. It begs the question of whether to use equity built throughout the years to pay in full or take on a new mortgage to buy a house you want. On one hand, the thought of utilizing
After falling to 14-month lows in the end of March, it’s only natural—and inevitable—that the rates would begin to rise again. In April, the 30-year fixed rates have grown yet again from the lowest of 4.06% to 4.2%. This week, 30-year fixed rates are finally coming down a little and closing the week at 4.14%,
There is often some confusion when it comes to choosing a Commercial or a Residential loan. Even though they use the same mortgage system, there’s a completely different set of rules for each one. Residential loans are for one to four-unit homes, condominiums and townhouses. Commercial loans will cover everything else, such as 5+ unit
The rates are at the lowest point in 14 months!! It is an ideal time to refinance your mortgage or buy a home which maybe out of your price range a month ago. This awesome news for home buyers looking for lower mortgage payments for their first mortgage and for people looking to refinance their