Home Loan Learning Center
What is a RESPA on a Mortgage and What Does it Cover?
The Real Estate Settlement Procedures Act (RESPA) is an act passed by Congress in 1974. It was designed to protect potential homeowners and enable them to become more informed consumers. This act requires lenders to provide more information to borrowers at certain points in the ...
How To Get A Zero-down Mortgage
Here at Consumer Real Estate we specialize in helping individuals utilize the USDA Home Loan Program to make the dream of home ownership a reality. The USDA Home Loan program is a 100% financed program that allows people to purchase a new home with no ...
Why I Love Being a Loan Officer?
What Does A Loan Officer Do? Being a loan officer is the greatest job someone could have. Â In my position, I get to work with someone from the first time they call in or fill out an online questionnaire and see them into their ...
Why is a 15-Year Fixed-Rate Mortgage Better Than 30-Year?
If you've ever considered a 15-year loan term, it's a terrific time to talk to your lender. According to Freddie Mac's weekly mortgage rate survey, the 15-year fixed rate mortgage is at its lowest point in history.
What is an Advantage of an Adjustable Rate Mortgage? ARM
For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates.