What Is A Home Appraisal
Home Appraisal Vs. Home Inspection An appraisal differs from a home inspection. A home inspection is a much more in-depth process. In a home inspection, an inspector specifically looks for problems in the home and determines whether certain areas need repairs. An inspector may test outlets, run the home’s furnace to see if it can hold […]
Mortgage Origination Fee
What Is A Mortgage Origination Fee? A mortgage origination fee is a fee charged by the lender in exchange for processing a loan. It is typically between 0.5% and 1% of the total loan amount. You’ll also see other origination charges on your Loan Estimate and Closing Disclosure in the event that there are prepaid interest points […]
How To Get A Mortgage: A Step-By-Step Guide
What Are Mortgage Lenders Looking For? Lenders look at a few different factors when you apply for a loan. A good way to remember what mortgage lenders look for is to use the acronym “IPAC,” which stands for “income, property type, assets and credit.” Let’s look at each of these factors in a little more […]
