by Michael DiVita | Jul 29, 2014 | Mortgage Education, Refinance 101, Video Series
There is no such thing as a no cost loan. There are always costs associated with getting a loan. No cost loans are a marketing term used to indicate a loan where the lender is crediting the borrower back some or all of the closing costs in return for accepting a...
by Michael DiVita | Jul 29, 2014 | Mortgage Education, Refinance 101, Video Series
If you are trying to decide on whether or not you should refinance your home, take a look at the numbers. If you know how to do the math, determining whether a refi is a good idea is easy.
by Michael DiVita | Jul 29, 2014 | Distressed Real Estate, Mortgage 101, Mortgage Education, Refinance 101, Types of Mortgage Products, Video Series
Underwater may not mean, out of luck! If you find yourself underwater on your mortgage you may be able to find some relief by refinancing with a HARP 2.0 loan. A traditional refinance path isn’t typically attainable when a home’s value is lower than the current loan...
by Michael DiVita | Jul 25, 2014 | Mortgage 101, Mortgage Education, Refinance 101, Video Series
Fixed interest loans are all the rage. And they should be with our historically low rates, but is there more to the picture? While locking in low interest rates in a 30 year fixed loan can be appealing to some, there are significant advantages to adjustable rate...
by Michael DiVita | Jul 25, 2014 | Mortgage 101, Mortgage Education, Refinance 101, Types of Mortgage Products, Video Series
Do You Know How Much the Bank Makes on Your Mortgage? Compare a 15 Year and a 30 Year Fixed Mortgage. The most obvious advantage of a 15 year fixed rate mortgage over a 30 year is to own your home in half the time. But, it’s more complicated. Here are facts you...
by Michael DiVita | Jul 15, 2014 | How Banks Qualify Borrowers, Mortgage 101, Mortgage Education, Pre-Approval Process, Refinance 101, Video Series
Don’t let any of these common credit score myths keep you from getting a better score and a lower payment on your new home. 8 Common Credit Score Myths 1. Myth: If I go to a free online credit reporting service, I will get a complete understanding of my credit rating....