Camilla Bartell In simple terms, yes – you can roll closing costs into your mortgage, but not all lenders allow you to and the rules can vary depending on the type of mortgage you’re getting. If you choose to roll your closing costs into your mortgage, you’ll have to pay interest on those costs over the life … Read more
Peer-to-peer (P2P) instant loans are becoming an increasingly popular tool for individuals seeking to access quick and efficient financing without relying on traditional banking institutions. As the proliferation of mobile banking and digital payments platforms continues to shape the financial landscape, consumers now have the opportunity to access a wide range of P2P services. In … Read more
One of the most important financial decisions a person can make is to co-sign a mortgage. Co-signing a mortgage is a huge responsibility and should not be taken lightly. Before taking this step, it is important to understand the potential tax implications of co-signing a mortgage. While the financial consequences of this decision can be … Read more
If you’re considering refinancing, consolidating, or paying off your auto loan, understanding the process is essential. Capital One auto loan payoff can be a simple and rewarding experience that can save you money and provide you with greater financial flexibility. Whether you’re looking to save money on interest rates, pay off your loan faster, or … Read more
Good Sam RV Loan Calculator provides a helpful tool for individuals who are looking to finance a recreational vehicle. With so many options available, it can be difficult to determine which loan is right for you. Good Sam’s calculator makes it easy to compare multiple options and make the right choice for your situation. The … Read more
That’s why on July 31, 2021, Quicken Loans changed its name to Rocket Mortgage. Rocket Mortgage inspired sister companies like Rocket Homes® and Rocket Loans® to do the same and revolutionize the way people find homes and get personal loans. Now, Quicken Loans has joined them by having Rocket in its name. In today’s world, … Read more
Is Rocket Mortgage the Same as Quicken? Yes. Rocket Mortgage used to be called Quicken Loans. However, the corporate name was changed in May 2021 so as to be consistent with the name of its parent company, Rocket Companies. The mortgage process can be a complex and confusing experience, leading to many potential homeowners asking … Read more
When you are in the market for a new home, there are a number of factors to consider such as budget, location, size, and much more. For those looking to purchase a home with a reverse mortgage, a key factor to consider is the down payment. It is important to understand the implications of a … Read more
“Churning” is a four-letter word in the mortgage business. The term refers to aggressive lending practices. The most common churning scenario: Soon after a buyer closes on a home, rival lenders offer to refinance the mortgage. Mortgage churning is a practice that has been around for some time and recently has been gaining more attention … Read more
Achieving a high credit score is essential if you are considering taking out a mortgage loan. Most lenders consider a credit score of 680 and above to be an excellent score and will typically offer the most favorable mortgage rates and terms for borrowers with such a score. So, if you are planning to purchase … Read more