-Mortgage insurance pays the lender a portion of the principle of the mortgage if the buyer defaults. Most lenders require mortgage insurance when the buyer pays less than a 20% down payment. The buyer pays the insurance premiums. "Mortgage insurance might seem like just another way for a lender to...
Category: Mortgage lender
Ten tips for first-time home buyers from the Paso Robles mortgage consultant
-Buying a first home is an exciting milestone in life, but it can also be a daunting process. With the multitude of options and considerations involved, it's crucial to approach the journey with careful planning and preparation. Marc Coons, Paso Robles mortgage consultant, has the ten top tips to help...
What’s the difference between fixed-rate and adjustable-rate mortgages?
-When it comes to financing a home purchase, one crucial decision borrowers may need to make is choosing between a fixed-rate mortgage (FRM) or an adjustable-rate mortgage (ARM). These two options have distinct features that can greatly impact a homeowner's financial situation. Marc Coons, the Paso Robles home loan professional,...