Loan Estimate & Closing Disclosures Explained: What first-time home buyers need to know about their LE and CD

Melissa Kerick

Published on: 13/07/2024

The Loan Estimate and Closing Disclosures are forms that you’ll receive before closing on your home.

loan estimateclosing disclosuresknow before you owemortgage costshome purchase feesmortgage advisorclosing costsmonthly mortgage paymentslifetime loan costspre-approvalmortgage typeloan amountinterest ratecash to closeannual percentage rateAPRTotal Interst PercentageTIPorigination chargestaxes and insurance feesappraisal feetitle feesrecording feestransfer taxesrevised loan estimatechange in circumstancesfinancial disclosurehomebuying processmortgage planningfinancial preparation

Unlocking the Benefits and Understanding the Risks of Home Refinancing

Melissa Kerick

Published on: 01/07/2024

Owning a home can be a powerful tool for building long-term wealth and securing your family's financial future. When done correctly, refinancing your mortgage can enhance these benefits and provide even greater value from homeownership.

home refinancingmortgage refinancerefinancing benefitsrefinancing risksnet tangible benefitmortgage advisorlower interest ratehome equitydebt consolidationmortgage insuranceloan termadjustable-rate-mortgagerefinance qualificationcredit checkloan-to-value ratioLTVclosing costsfinancial planningwealth buildingrefinance process

Unlocking the Potential of Home Refinancing: Steps for Success

Melissa Kerick

Published on: 01/07/2024

Refinancing your home comes with many benefits, but to truly maximize these advantages, strategy and preparation are key. Here’s a guide to help you get the best deal possible on your refinance.

home refinancingrefinance benefitsmortgage strategyfinancial preparationrefinance goalsmortgage professionalreview financescredit checkbudget reviewmonthly debtsapproval processclosing costshome appraisalequity increasehealth issuesnecessary repairscurb appealmortgage advisorcredit reportrefinancing optionsdebt-to-income ratiostreamlined refinancehome maintenanceproperty valuemortgage process

Refinancing Made Simple: What You Need to Know

Melissa Kerick

Published on: 30/06/2024

Hey there! Wondering what refinancing is all about? Let’s break it down in an easy way. Refinancing can help you save money or make your loan work better for you. Here’s a quick guide to help you understand it better!

home refinancingmortgage refinancerefinance benefitslower interest ratelower monthly paymentsshorten loan termlengthen loan termcash-out refinancehome equityadjustable-rate-mortgage (ARM)fixed rate mortgagestreamline refinancerefinancing optionsrefinance savingsrefinancing costsmortgage lendermortgage advisorrefinance strategycredit scoreclosing costs