by Becky Webber | Jul 25, 2024 | Mortgage Rates, Technical Mortgages
What is a Mortgage Recast? If you’re wanting to reduce your monthly mortgage payment without refinancing, mortgage recasting might be the answer you’re looking for. By making a lump sum payment towards your principal balance, you can effectively lower your...
by Becky Webber | Jun 11, 2024 | First Time Home Buyers, Home Buying, Technical Mortgages
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...
by Becky Webber | Jan 23, 2023 | First Time Home Buyers, Home Buying, Technical Mortgages
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...
