When preparing for a closing on your refinance or home purchase, one of the documents you will be provided with a few days before closing is a HUD-1 Form. This form provides you with valuable information about your loan.
Yesterday you may have read the blog post on questions to ask yourself before applying for a mortgage, well here are 5 additional that you may want to think about before you go into your meeting with your loan officer.
If you are considering applying for a refinance, it is important to understand the mechanics of your mortgage loan. Before you sit down to speak with your loan officer, you should consider preparing a list of questions you feel may need to be answered.
Mortgage rates typically are tied more to the yields on the 10-year Treasury note more than any other indicator. With the government in flux as the shutdown happened and ended, mortgage rates are also changing.
Overall, mortgage rates have decreased because of a lack of confidence in the government’s ability to get its finances under control.
When you have been researching your different options for a mortgage on your home, you might have heard of an âInterest-Only Mortgageâ. What exactly does this type of mortgage mean and how does it work?