The Difference between Big Banks and Private Lenders
In 2019, borrowers have more options when it comes to home loans than ever before. Traditionally, big banks have dominated the mortgage market. But increasingly, new homeowners are finding it easier a...
Industry Terminology: Loan Modification
During this novel coronavirus (“COVID-19”) pandemic, the Newrez family of companies is committed to helping our customers, including offering alternate payment programs as allowed by loan owners/inves...
The 9 Most Important People in Your Home-Buying Process
Important People to Know There are nine folks you’ll get acquainted with when you buy a home. Here’s a look at each and the role they play. Real Estate Agent Some buyers have a real estate agent befor...
10 Questions for the First Meeting With Your Loan Officer
They will walk you through every step of the home loan process, from applying and submitting financial documents to closing on your home purchase, and even repaying the mortgage. But before you ever s...
The Benefits of Using a Loan Officer for Your Mortgage
What is a Loan Officer? As James Taylor famously reminds us in his hit song written by Carole King, “Now, ain’t it good to know that you got a friend?” If you have ever experienced a complex financial...
5 Questions to Ask Before You Refinance This Year
A home loan refinance is about striking at the right time, particularly when it comes to interest rates, home equity, and your financial and living situation. Refinancing without carefully considering...
Why Refinancing Still Makes Sense Amid Rising Rates
Mortgage Interest Rates Are Still Considered Low Even as mortgage rates have been rising over the past year, the rates remain near historic lows; therefore, many people are locking in today’s rates to...