Securing a home loan can feel like navigating a complex maze, but it doesn’t have to be! Grasping the different options available is key to securing the best deal for your specific situation. This review explores several key aspects to consider, including fixed versus variable rate options, points, and the total price of borrowing. We'll delve in
Avoid LMI: Strategies to Neglect Lender's Mortgage Insurance
Buying a home is an exciting milestone, but the costs can quickly add up. One expense that often catches buyers off guard is lender's mortgage insurance (LMI). This extra fee protects lenders in case you default on your loan. Fortunately, there are methods to avoid LMI altogether and save your money in the long run. Initially, consider making