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What Happens if I Skip Mortgage Payment

  Forbearance of a Mortgage and Skipping Mortgage Payments It is important for you to know the ramifications of skipping a mortgage or other loan payments before you stop making scheduled monthly payments. This will have an effect on your future mortgage payments...

What Causes Mortgage Interest Rates to Rise and Fall

Mortgage interest rates are driven by the mortgage backed securities market (MBS).  These are the securities that purchase loans from mortgage lenders and are traded on Wall Street.  While there are many factors that drive the MBS market, they most closely trade at a...

Can You Finance Closing Costs

Can you finance closing costs into a mortgage? The most common barrier for first-time homebuyers is not having enough money saved to qualify for a mortgage.  It's misconception that you need a 20% down payment to purchase a home, there are various mortgage programs...

Putting More Money Down vs. Paying Mortgage Insurance

Does it make sense to put less money down and pay mortgage insurance? The topic of how much money you should invest when purchasing a home requires comprehensive financial planning, but there are a few simple factors to consider.  Generally speaking, if you put less...

Best Way To Shop Mortgage Rates and Closing Costs

How to shop for a mortgage. The mortgage industry has come a long way in simplifying the process of getting a mortgage, many now have customer friendly application portals, and documenting your income and assets has become automated in the digital age, but one thing...