Search results for “Private 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...
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...
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...
Mortgage 101: Lingo You Need to Know
However, taking out a mortgage is not exactly a simple, or easy-to-understand, process. If you’re not well-versed in the loan lingo, you might not realize what you’re getting yourself into…and that co...
Mortgage Interest Rates Predictions
10-Year Treasury Bond The 10-year Treasury yield is closely watched as an indicator of broader investor confidence. This is because Treasury bills, notes, and bonds are considered safe investments b...
Service Requirements for a VA Loan To find an in-depth explanation of the eligibility requirements for VA home loan programs, check out the U.S. Department of Veterans Affairs. You can find an abbrevi...
Guide to Government Home Loans in 2022
What is a Government Backed Mortgage? A government backed mortgage is a loan that is insured by the U.S. federal government. There are many different types, each with their own specific requirements a...
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...