Search results for “Mortgage Insurance”
What is PMI? The idea of owning a home for the first time is an exhilarating prospect for many people. Factor in the excitement of having found a dream home or needing to make a move in a hurry for a...
7 Things to Know About Homeowners Insurance in 2022
What is Homeowners Insurance? Homeowners insurance is a type of property coverage designed to protect the homeowner, mortgage lender, occupants, and even your family’s belongings against a number of u...
15 Mortgage Terms You Need to Know
1. AmortizationAmortization describes the shrinking of your mortgage as you pay it off. With each mortgage payment you make, part of the repayment is applied towards reducing the principal, while a se...
What is Title Insurance and Why Do I Need It?
Titles and the homebuying process Since titles are part of the legal process of transferring ownership, before the title can be transferred, it must be “cleared” before the buyer can have it. Your len...
8 Things You Need to Know About Homeowners Insurance
If buying homeowners insurance is on your radar, read on to learn about policies, premiums, claims, and more. 1. There Are Various Insurance Policies and Coverages Depending on the insurer and where y...
Which Mortgage is Best for You: ARM or Fixed Rate Mortgage?
Fixed Rate Mortgage Benefits Not only will the fixed rate you secure today be the same rate 10, 20, and 30 years from now, but the 30-year fixed-rate mortgage is also attractive because you can purcha...
How Important is Credit in the Mortgage Application Process?
Your Credit History Your credit report is a representation of your last seven years of financial activity. It shows lenders how you have managed past accounts and how you are currently handling debt. ...
Mortgage 101: A Beginner’s Guide to Mortgages
A mortgage can seem complicated, but Newrez is here to help you feel confident in the mortgage process from start to finish. Check out some of the most common mortgage questions below so you’ll be rea...