6 Mortgage Terms for First-Time Borrowers
When you begin the journey to purchase your first home, securing a mortgage is likely on your to-do list. Navigating the mortgage process for the first time can feel like learning a new language. To help you get started, here are six essential mortgage terms you need to know. Understanding these, especially the last one, […]
What is an LLPA?
Okay. We’re about to get a tad technical here… but I promise it’s good news! Have you ever heard of an LLPA? LLPA’s (Loan-Level Price Adjustments) can be described as the following: A loan-level pricing adjustment (LLPA) is a risk-based fee assessed to mortgage borrowers using a conventional mortgage. Loan-level pricing adjustments vary by the […]