Mortgage Loan-Level Price Adjustment Comparison
LLPA Pricing Comparison Tool Loan-Level Price Adjustment is a pricing adjustment made to a mortgage loan based on a borrower’s creditworthiness and […]
Category: Conventional Loan
Conventional loans have minimal to no mortgage insurance and are offered as low as 5% down.
What is Mortgage Recasting?
A recast is when you make a lump-sum payment toward the principal of your loan to reduce your mortgage balance, and your mortgage lender subsequently recalculates your payment.
VA or Conventional: What’s Better for Sellers?
When it comes to VA loan or conventional mortgage, the choice for buyers who are veterans is often simple – VA. VA […]
What is a PIW?
When an appraisal is waived on a conventional mortgage transaction, it’s known as a property inspection waiver.
Waiving Escrow For A Mortgage
Waiving Escrows When you buy or refinance a home with a mortgage, most lenders will encourage you to escrow your tax bill […]
Loan Limits Increase For Conventional Mortgages
It’s been a decade since conforming loan limits have increased, but when the New Year arrives, the maximum limit will increase from […]