by Steve | Apr 11, 2023 | Glossary of Mortgage Terms
When it comes to buying a home, a crucial step in the process is obtaining an appraisal. An appraisal is an estimate of the value of a property, conducted by a licensed appraiser who assesses the condition of the property and compares it to recent sales of similar...
by Steve | Apr 10, 2023 | Glossary of Mortgage Terms
A common financial term that refers to the process of spreading out a loan or debt over a fixed period of time, typically through regular payments. It is commonly used in mortgages, auto loans, and other types of financing. Understanding the basics of amortization is...
by Steve | Apr 10, 2023 | Glossary of Mortgage Terms
If you’re considering buying a home, you may be considering an Adjustable-rate mortgage (ARM) as one of your financing options. An ARM is a type of mortgage loan where the interest rate adjusts periodically based on a predetermined index. While ARMs can offer...
Recent Comments