Mortgage Fundamentals

2021-03-24 | 07:44:46

Mortgage Fundamentals –

Mortgage is a very interesting field and a lot to learn as you progress your journey in getting your first mortgage to renewing, refinancing, taking equity out to obtaining a reverse mortgage…

No matter what type of mortgage you are interested in, it is always a good idea to know some basics or some key terminologies of the mortgage industry:

1^st Time Home Buyer

Renting vs Buying

High Ratio Mortgage

Variable vs Fixed Interest Rate

Closing costs

Term and Amortization

Pre-Qualified vs Pre-Approved

And many more…