What’s the Difference Between a Mortgage Lender and Servicer?
When you get a home loan, you’ll begin the process by choosing a lender to work with. If you’re the borrower, from your perspective, a lender is a term that will include every party that’s part of your loan, but in reality, lenders don’t handle everything. A mortgage servicer might also take over your loan after you close on it.
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How Prepaying Your Mortgage Works
Are you thinking about paying a little extra each month on your mortgage loan balance? After all, having fewer bills each month is certainly a good thing, especially as one gets closer to retirement. But there are different ways to prepay a home loan. Better said, paying a little extra can be applied differently depending upon the type of home loan you have.
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RE/MAX National Housing Report
April Sales Decline of 7.6% In Contrast with Seasonal Ramp-Up
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When Should You Respond with a Counteroffer?
When you’re in the process of selling your home, negotiation is likely going to be part of the equation. Last year that might not have been the case, with many homes receiving multiple offers and ultimately selling for over the asking price. Now, with interest rates stubbornly high, sellers are facing a different situation in many parts of the country.
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Are USDA Loans Just for Farms?
A USDA loan can represent an overlooked opportunity for homebuyers, and there are a lot of myths surrounding this particular type of loan that keeps people from exploring their options. USDA loans are from the United States Department of Agriculture and have enormous benefits.
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Corvallis Market Conditions
Shape of the Current Market: Spring 2023
April Real Estate Roundup
Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The 30-year fixed-rate mortgage increased modestly for the second straight week, but with the rate of inflation decelerating rates should gently decline over the course of 2023. Incoming data suggest the housing market has stabilized from a sales and house price perspective. The prospect of lower mortgage rates for the remainder of the year should be welcome news to borrowers who are looking to purchase a home."
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