Types of Mortgage Loans

Golden piggy bank next to a house.

There are many types of mortgage loans available to people looking to buy a house. Depending on your current financial situation and personal preferences, there is an option that could be right for you. Some types of mortgages include adjustable-rate mortgages (ARMs), fixed-rate mortgages, FHA loans, and VA loans. ARMs have an interest rate that […]

What Are Mortgage Closing Costs?

Miniature house, with dollars and the word "Mortgage" in Lego next to it.

What Are Mortgage Closing Costs? Mortgage closing costs can be thought of as the fees that come due during the mortgage process at the time of closing the mortgage agreement. Such costs typically include an origination fee from the mortgage lender, third-party fees for services like appraisals, loan officer review and processing, title search, credit […]

Was sind Grundsteuern?

Mann mit Miniaturhaus zwischen seinen Händen.

What Are Property Taxes As a general definition, property taxes are imposed by governments, usually at the state and municipal levels, on real estate owned by individuals. Property taxes have been around for quite some time. Your monthly mortgage payment can be less than your yearly property tax bill in certain parts of the nation. […]

Wie das Consumer Financial Protection Bureau Ihre Hypothek schützt

Hand hält Miniaturhaus.

How Does The Consumer Financial Protection Bureau Protect Your Mortgage? The Consumer Financial Protection Bureau (CFPB) was established in 2011 to protect consumers from unfair, deceptive, and abusive practices in the financial sector. One area of focus for the CFPB is on mortgage lenders and servicers. The CFPB sets standards for responsible lending and helps […]

Was ist ein HELOC?

Eine Hand mit einem Miniaturhaus und eine andere Hand mit Bargeld.

What is a HELOC? A HELOC works like a credit card: you are given an approved limit which you can borrow against at any time. The lender will review your application and determine how much they are willing to lend you based on the amount of equity in your home. Once the limit is established, […]

Was sind Fannie Mae und Freddie Mac?

Person mit Miniaturhaus

Fannie Mae You’ve undoubtedly heard of Fannie Mae, also known as the Federal National Mortgage Association, whether you’re in the market to purchase a home, refinance a property, or just follow the news (FNMA). Even if you’re unfamiliar with how Fannie Mae operates, you’re probably aware that it plays a large role in the housing […]

Wie lange dauert das Hypothekenverfahren?

Scrabble Figuren, die "Wohnungsbaudarlehen" buchstabieren

When you’re in the process of applying for a mortgage, it’s a good idea to evaluate your finances and create a budget. Then, to find out how much you may borrow, apply for a preapproval. Here’s what to anticipate at each stage of this particular section of the mortgage application process:   Examine your financial […]

Alles, was Sie als Erstkäufer eines Hauses wissen müssen

Ein Miniaturhaus

For first-time buyers, the process of purchasing a house might be complicated. After all, there are a lot of moving parts, things to do, and prerequisites that need to be met, and you may be worried about making a costly mistake. However, there are several benefits tailored specifically to first-time homeowners that exist to entice […]