The key difference is that an accelerated bi-weekly plan has you make the equivalent of one extra monthly payment per year, which pays down your mortgage much faster. […]
Read More… from Accelerated Bi-weekly vs Bi-weekly Mortgage Payments
A letter of employment is an official document from your employer that verifies your job status and income details for a lender. […]
Read More… from What is a Letter of Employment for Mortgage and Why Do You Need It?
The key difference is that a mortgage specialist works for a single bank, while an agent or broker works on your behalf to access many different lenders. […]
Read More… from Mortgage Agent vs. Broker vs. Specialist: Key Differences
Understanding your mortgage statement can be a common challenge when navigating a new home purchase. This can make life for mortgage holders confusing and stressful. We want to help you feel clear and confident about your finances, which is the core of our mission at Mortgage Connection. Mortgage Statement Definition: A mortgage statement is a […]
Mortgage Balance Definition: Your mortgage balance, or remaining balance, is the total amount of money you still owe on your home loan at any given time. […]
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