Application Checklist  


Refinance
List of documents that are required when you apply for a mortgage.

 You should refinance when mortgage rates are 2% lower than the rate you currently have on your loan.
       


Appraisals  



Glossary
Appraisal is a document that gives an estimate of a property's fair market value.
 Glossary of Mortgage Terms.
       


Closing Costs  


Private Mortgage Insurance (PMI)
At the closing, ownership of
the newly purchased home is officially transferred from the seller to you.
 (PMI) that protects the lender in case you default on your mortgage.
       


Credit    
Credit scoring is a system creditors use to help determine whether to give you credit.




 
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