Mortgage News

Inflation At 30-Year High: Home Prices Partially To Blame

Inflation is on the rise. That much is certain. The precise reasons for this uptick, however, are up for debate. Some economists argue that wages have not kept pace with inflation, while others say that the prices of essential goods and services have increased at an alarming rate. Nonetheless, there is little doubt that inflation …

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Don’t miss out on important information about mortgage life insurance

What is mortgage life insurance? Mortgage life insurance is a type of coverage that helps protect your mortgage in the event of your death. It can provide your loved ones with a lump sum of money to help cover the costs associated with your mortgage, such as the remaining balance on your loan, interest, and …

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Mortgage Default Insurance: what you need to know

What is mortgage default insurance? Mortgage default insurance is a type of insurance that helps protect lenders in the event that a borrower defaults on their home loan. Mortgage default insurance is usually required by lenders for mortgages with a down payment of less than 20%. The insurance protects the lender in case the borrower …

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How To Save Money And Pay Off Your Mortgage Fast

Pre Payment Privilege In order to save money and pay off your mortgage faster, you may want to consider a pre payment privilege. This allows you to make extra payments on your mortgage at any time, without penalty. This can help you shave years off of your mortgage and save thousands of dollars in interest. …

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