Learning Center
Find answers to questions like: “Should I go to a broker or a bank?” “How does the mortgage process work?” “What are Reverse Mortgages?” or “When should I refinance?”
Broker Versus Bank
You might ask why you should use a mortgage broker instead of engaging directly with a bank. A bank will look first at its own loan products and programs and then try to squeeze you into one of them. A mortgage broker will look at you, determine your needs and qualifications, and then explore multiple banks and lending institutions to place your loan where it fits best.
Mortgage Process
The mortgage process can seem overwhelming, especially to new homebuyers and even current homeowners who haven’t applied for a loan in years. In a climate of ever-changing rules and regulations, borrowers are suddenly bombarded with unfamiliar lingo and a long list of new tasks.
Reverse Mortgage Loans
A reverse mortgage is a special financing tool which allows seniors to utilize equity in their homes to provide many benefits with very flexible repayment options. It allows them to exercise control over their equity. Education on this matter is absolutely vital to dispel the many misconceptions that exist in the public discourse.
When to Refinance
There are a number of situations in which refinancing a home mortgage makes sense. Some are obvious – such as lowering your interest rate or cashing out to pay for a wedding. Things get harder to evaluate, however, when you try to weigh various factors.