Your MORTGAGE A,B,C’s: Understanding How a Mortgage Works

A mortgage is a long-term loan that a borrower obtains from a bank, thrift, independent mortgage broker, online lender or even the property seller.

The house and the land it sits on serve as collateral for the loan. The borrower signs documents at closing time giving the lender a lien against the property. If that borrower doesn’t make mortgage payments as agreed, the... Read More

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Falling Behind in Your Mortgage Payments?

Please ACT NOW!

Improve Your Chances

If you're a homeowner who's falling behind on your mortgage payments, please -- ACT NOW! Call your lender or loan servicer today. The telephone number is listed on your mortgage bill and on the year-end tax statement you receive from your lender.

If you take action now, you improve your chances of working out your situation with your... Read More
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Points Rates & Fees

Not only do you have to understand what type of mortgage you should choose, you have to understand the costs associated with your mortgage. All of these costs will be paid upon closing your mortgage.

Purchase Points

Purchase points, also known as a "buy-down" or "discount points," are an up-front fee paid to the lender at closing to buy-down or lower your interest rate over... Read More

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