Upon mortgage payoff, a Deed of Reconveyance legally removes the lender's lien in trust deed states. It's crucial for clear title. If your lender doesn’t issue or record it promptly,…
For fixed-rate vs. ARM loans for first-time homebuyers, ARMs offer lower initial payments, appealing to those seeking affordability or planning short-term ownership (e.g., 5-7 years) in a starter home. This…
understanding your Adjustable-Rate Mortgage (ARM) loan agreement is crucial. It details the fixed-rate period, index your mortgage’s rate may be tied to the CMT index (like the 1-Year Treasury Constant…
Making extra mortgage payments significantly reduces total interest and loan term. By directing additional funds towards the principal, especially early in the loan, you make extra payments early to beat…