The loan servicer is responsible for processing your monthly payments, paying the taxes on the property, paying the homeowner insurance policy and processes...
Mortgage 101 - Mortgage Basics
Learn the basics of the mortgage process through these common mortgage FAQ's.
What is PMI?
PMI, Private Mortgage Insurance, is often required by a mortgage lender if your down payment is less than 20% of the purchase price of the home. It is an...
How Much House Can You Afford?
How much house you can afford is determined by the mortgage lender and is based upon a variety of financial factors. When you begin the mortgage process, you...
What is a Mortgage?
A mortgage is a loan from a bank or lender to help you purchase a house. When you sign a mortgage note, you are agreeing to pay the lender a specific amount...
What are Discount Points?
Discount Points, as expressed as a percentage of the loan, are a form of prepaid interest as fees the borrower pays the lender when the loan is closed....
What is MortgageBite.com?
Shop for mortgage offers without the application or giving up any of your own personal information! MortgageBite.com is a free online platform that allows...
What are Mortgage Interest Rates?
A mortgage interest rate is the percentage of interest charged by mortgage lenders on a house or condo purchase... An interest rate is the price of borrowing...
What Is A Credit Score?
A credit score is a numerical value based on a variety of factors that represent your creditworthiness. This numerical value then gets used as a guide by...
What Is a Down Payment?
The down payment on a home loan is the amount of cash that you are required to put down when obtaining a mortgage. It is a way for you to show that you have...
What is APR?
APR, which stands for annual percentage rate, refers to the interest rate for the life of the loan, rather than just a monthly fee/rate and includes any fees...
