If you’ve ever talked with a lender or started the home loan process, you’ve probably heard the phrase “locking your rate.” It sounds simple—but it’s one of the most important decisions you’ll make during a home purchase or refinance. A rate lock can protect you from rising interest rates, but it also comes with timing…
When someone first asks me about a reverse mortgage, one of the first questions is almost always, “How long does this actually take?” That’s a fair question. Whether you’re looking to eliminate a monthly mortgage payment or improve cash flow in retirement, you want to know what the timeline looks like. Most reverse mortgage transactions…
If you’ve ever bought a home—or even thought about it—you’ve probably heard the term “mortgage lender” tossed around a lot. But what does a mortgage lender actually do? Most people know we help with loans. But that’s only part of the story. As a mortgage loan originator, my job often starts with a simple conversation….
When shopping for a mortgage, one term you may hear is “discount points.” It sounds nice—after all, who doesn’t want a discount? But in the world of home loans, discount points don’t lower the price of the home; instead, they lower your interest rate. A discount point is essentially a form of prepaid interest. Each…
