How Does a Reverse Mortgage Work?
A reverse mortgage is a home loan program for homeowners 62 years of age or older that allows the homeowner to tap into their home equity.
Understanding Short Sales
Although complex and risky, short sales can offer home buyers a house at a more than desirable price.
What Does a “Government Backed Mortgage” Mean?
If you’re new to the homebuying process, chances are you’re wondering what the term “government backed mortgage” really means. A government backed mortgage is not a guarantee that you will be approved just because the federal government is backing the loan.
Your Credit Score, Your Mortgage, and You
Having a great credit score will provide you with better mortgage options, but what happens after you acquire a mortgage? How does a mortgage affect your credit score?
Mortgage Points Explained
If you’re in the process of purchasing or refinancing a home, chances are you’ve come across the term mortgage points.
How much money to put down
It's easy to forget about the cost of closing on a home. And more often than not, buyers are surprised by how expensive closing costs can be. It's important to be aware of what closing costs are so you can make educated decisions about your mortgage.
Deciding How Much Money to Put Down on a House
Although a 20% down payment is recommended, it’s not necessarily required. There are options to put down much less, but it may not necessarily be the best decision for you.
What are Mortgage Origination Fees?
If you’ve been researching the home buying process you’ve probably stumbled upon the term origination fee. Mortgage origination fees are upfront costs that must be paid to the lender in exchange for originating your mortgage.
What is a Title Search?
And although title transfers may seem simple, they can actually become quite complicated if there are unresolved liens or claims on the property. This makes title searches important for both buyers and sellers.
How is my Mortgage Interest Rate Determined?
If you need to take out a loan, you’re going to have to pay back that loan with interest. Interest is paid in exchange for the convenience of borrowing money. It’s sort of like the price on borrowing money...
Start the Home Loan Process Today With Jet Direct Mobile
We’re committed to making the home loan application process as easy as possible. To that end, we have developed our very own mobile app, Jet Direct Mobile.