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How to Read and Compare Loan Estimates

One of the most important mortgage disclosures you’ll examine when comparing home loan offers is the loan estimate. However, the loan estimate form contains a plethora of precise information. There are key points to keep in mind so that you…

The Most Frequently Asked Mortgage Questions

Navigating the mortgage process can be overwhelming, but understanding the basics can make it far more manageable. In this comprehensive guide, we address the most frequently asked mortgage questions to equip you with the knowledge you need for your home…

How to shop for and compare mortgage offers

When shopping for a mortgage, comparing offers from different lenders is essential. You may be tempted to go with the first offer you get, but that could cost you money in the long run. You can get the best deal…

No Cost Refinance in Overland Park & Kansas City, KS & MO

When looking to refinance, a homeowner has several rate and cost options to choose from. Homeowners can pay upfront points to buy a lower interest rate resulting in high closing costs. Or, go with a no-point loan with a slightly higher interest…

What are Mortgage Points?

Some homeowners purchase mortgage points, commonly called “origination points” or “discount points,” to reduce the interest they pay. Most of us will spend the most money on purchasing a home, so anything that might lower the mortgage cost is worthwhile.…

Closing Disclosure: A Detailed Explanation

The Closing Disclosure describes the terms of your mortgage loan, including the purchase price, interest rate, estimated property taxes, insurance, closing costs, and other related expenses. You must review all five pages thoroughly as it’s one of the most important…

Mortgage closing costs: What are they and how much do they cost?

When you complete a real estate transaction, whether you’re refinancing a mortgage or purchasing a new property, you pay closing costs. It’s important to be financially prepared for this expense as these costs might range from 1 to 2 percent…

Impound Account: How They Work and Their Impact on Closing Costs

When buying a home, understanding the various components of your mortgage is crucial. One important aspect is the impound account, also known as an escrow account. This guide will help you understand how these accounts work and their impact on…

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