Is it more expensive using a mortgage broker? It depends, somecharge a fee, but others, like our broker partner,Mojo Mortgages, are fee-free. However, even those who charge for their services have the potential to be less expensive overall, as they could potentially still save you more on...
Should you use a mortgage broker?Dian Hymer
ERCs vary in cost from lender to lender and depending on how far through the deal you are, but a mortgage broker should be able to help you calculate this. If you remortgage to shorten your mortgage term, it will usually cost you the price of remortgage fees, followed by larger monthly...
Should I buy a house now or wait? Ultimately, the decision of when to buy a home is up to you. Life goes on, whether the timing is perfect or not. If you’re anxious to become a homeowner, you’ve met the criteria above and you’re financially stable, go ahead and start house-...
What Happens to My Life Insurance if I Lose My Job? If you lose your job and haveprivate life insurancethat you purchased on your own, as long as you continue paying your premiums, you will have coverage. If the insurance was provided as agroup planthrough your employer, however, you ty...
A well run cooperative with healthy financials in a good location can be just as good an investment. How do I go about buying? Use a Real Estate Brokerage Firm that is knowledgeable about Condos & Coops. (CS Realty Relocation) Have them recommend you to a Bank or Mortgage Broker to ma...
Mortgage brokers are not actually mortgage lenders, but they facilitate transactions between borrowers and lenders. A motivated mortgage broker, particularly if under contract with you, will do a lot of the legwork for you because brokers work with multiple lenders. TheFederal Trade Commission(FTC)...
Is your bank or broker confusing you with big words? Do you want to sound a whole lot savvier when handling your home loan transaction? This mortgage glossary is a good place to hone up on your mortgage vocabulary to make sense of what can be a very confusing process. ...
If your answer to “should I sell my house now?” is yes, here are some steps you can take to get the best deal possible. Find a good local agent:Advice and guidance from a professionalreal estate agentcan be invaluable, particularly amid a hot or unpredictable housing market. Take the...
2. Will you stay in your home for at least a few years? Why it matters: When you buy, you'll face a boatload of one-time expenses, like broker fees, mortgage origination fees, and title insurance. The longer you stay put, the more time you have to spread out those costs and for...