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.
Great news for anyone looking to refinance or purchase a home, the interest rate for a 30-year fixed mortgage has dropped to 4.41%, the lowest level in 10 months! Currently there is more inventories in the housing market which gives buyers a greater selection of homes and bargaining power than in the last couple of
On June 4th, mortgage insurance companies began to split up and take different routes. With previously unimportant factors reigning over the new system, it’s important to understand what they mean for both buyers and lenders. Mortgage insurance Mortgage insurance is an insurance policy that compensates the lender in the case of a default on the