How Mortgage Works in the US?

You may be wondering how mortgage works in the United States. In this article we will look at the terms used to describe this financial transaction. Here, we’ll discuss the origination and loan agreement between the lender and borrower. After that, we’ll talk about the Down payment requirement, the length of the loan, and the …

Read more

Mortgage Protection Insurance – What You Need to Know?

Mortgage protection insurance (MPI) policies cover the principal and interest portions of your mortgage. They also cover property taxes, HOA dues, and home and contents insurance. MPI is a relatively affordable way to reduce the risk to lenders. But are MPI policies right for you? Let’s find out. And if you’re thinking about getting one, …

Read more