The Marquee Loop: Cash Out refinancing
Cash-out refinancing is a financial option available to homeowners who want to tap into the equity they have built in their home. It involves…
The Marquee Loop: Private Mortgage insurance
Private Mortgage Insurance (PMI) is a type of insurance that protects lenders in case a borrower defaults on their mortgage loan. PMI is typically…
The Marquee Loop, Mortgage Myths
Mortgage Myths: You should always choose a mortgage based on the lowest monthly payment mortgage myth. Yes, the statement “You should always choose a…
The Marquee Loop: Conventional Loans
Conventional loans are mortgage loans that are not insured or guaranteed by a government entity. Instead, they are offered by private lenders such as…
The Marquee Loop: Discount points
Discount points are a type of prepaid interest that a borrower can pay upfront to lower the interest rate on their mortgage. Each discount…
The Marquee Loop: 3 2 1 buydowns
3/2/1 buydowns are a type of mortgage financing option in which the borrower pays an upfront fee to lower their interest rate and mortgage…
The Marquee Loop: Reverse Mortgages
A reverse mortgage is a type of loan that allows homeowners who are 62 years or older to convert a portion of their home…
The Marquee Loop: Debt-to-Income Ratio
Debt-to-income ratio (DTI) is a financial measure used by lenders to evaluate a borrower’s ability to manage monthly payments and repay their debts. It…
The Marquee Loop: The Loan Process
The loan process simplified: Most borrowers today are under the impression that the loan process is time consuming, tedious, invasive, and that certain documentation…
Marquee Madness: First time homebuyer tips
Looking to purchase your very first home? Please continue reading and you’ll find some basic mortgage tips to help first time buyers qualify Being…
