by The Mark Klein Team | May 26, 2023 | Mortgage
Home loans are available in an assortment of lending packages, but the big difference that consumers need to pay attention to at a minimum is how the interest charge is calculated. Interest is the margin that represents the profit and risk offset for a lender...
by The Mark Klein Team | May 25, 2023 | Mortgage
A reverse mortgage and a home equity conversion mortgage (HECM) are both types of loan products that allow homeowners to tap into the equity they have built up in their homes. However, there are some important differences between the two. A reverse mortgage is a type...
by The Mark Klein Team | May 24, 2023 | Mortgage
Getting a mortgage is a significant financial decision, and it is crucial to ensure that you are financially prepared before applying for one. Conducting a quick financial health check before applying for a mortgage can help you determine your financial standing and...
by The Mark Klein Team | May 23, 2023 | Mortgage
It is unlikely that an unconventional job will hurt your mortgage approval, as long as you can demonstrate a consistent and stable income stream that meets the lender’s requirements. Lenders are primarily concerned with your ability to repay the mortgage, and...
by The Mark Klein Team | May 22, 2023 | Financial Reports
Last week’s economic reporting included readings on U.S. housing markets, sales of previously-owned homes, housing starts, and building permits issued. Weekly readings on mortgage rates and jobless claims were also released. NAHB: U.S. Home Builder Confidence...
