Tag Archive: mortgage loan

3 Reasons for Rejection After Preapproval for Mortgage

May 26, 2015 by Leave a comment

Between higher credit score and down payment requirements, getting a mortgage has become more challenging in recent years. Therefore, finding out you’re pre­approved for a mortgage might be the best news you’ve heard all year. A pre­approval involves a mortgage lender reviewing your income, credit and debt to determine whether you qualify for a mortgage... View Article

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HARP is nearing its end: If you’re underwater, its time to refinance now

August 22, 2014 by Leave a comment

Debating whether to refinance? If you owe more on your mortgage loan than what your home is worth, you might be running out of time. That’s because the federal government’s Home Affordable Refinance Program — better known as HARP-  is scheduled to expire at the end of 2015. And if you don’t refinance before that government program... View Article

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What is PMI? Do I I have to pay it?

August 5, 2014 by Leave a comment

Many homebuyers are confused by private mortgage insurance, better known as PMI. That’s understandable; PMI is a pretty arcane addition to your mortgage loan. But here’s what you need to know: PMI doesn’t protect you. It protects your mortgage lender. And if your down payment isn’t large enough, the odds are high that you’ll have to pay for... View Article

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