What is a recast?
Mortgage recasting, also known as re-amortization, is a process that allows homeowners to reduce their monthly mortgage payments without changing the interest rate or term of the loan.
Can I get approved for a mortgage with a past bankruptcy?
Yes. Many mortgages allow borrowers with a past bankruptcy filing to be approved for a mortgage after waiting a period of time.
What is an escrow account?
An account that is created with your mortgage to collect and disburse payments related to real estate taxes and insurance.
What is an asset depletion mortgage?
An asset depletion mortgage is a type of home loan that allows borrowers to qualify based on their liquid assets rather than their income.
What is a Property Inspection Waiver (PIW)?
A Property Inspection Waiver (PIW) is an offer to waive the appraisal requirement for eligible mortgage transactions. Instead of getting a traditional appraisal with a visit to the subject property,