Category Archives: Mortgage Information




When to Pay Points on a Mortgage

One common question a buyer will always ask us is “should I pay points on my home loan?”  The answer is “it depends on a few factors.” The reason why you pay points on a loan is to get a lower interest rate. A point on a mortgage is equal to 1% of the loan amount. Therefore, if you are receiving a loan of $200,000 […]


Mortgage Modifications – FAQ

It is understandable to have questions when coping with a new and challenging situation, especially when a home is at stake. The reality is that millions of homeowners across the country are finding out that they have more questions than answers. We hope that the following information will help you better understand the circumstances. If […]



Types Of Mortgage Lenders

Mortgage Bankers Mortgage Bankers are lenders that are large enough to originate loans and create pools of loans which they sell directly to Fannie Mae, Freddie Mac, Ginnie Mae, jumbo loan investors, and others. Any company that does this is considered to be a mortgage banker.  Some companies don’t sell directly to those major investors, but […]