Why Do Banks Sell Mortgage Loans? When it comes to mortgage loans, many people wonder why banks and financial institutions would choose to sell them. After all, isn’t it their business to lend money and collect interest on those loans? While it may seem counterintuitive, there are several reasons why banks sell mortgage loans. In…
In Monopoly Can You Buy a Mortgaged Property Monopoly, the classic board game loved by many, is known for its strategic gameplay and exciting property investment opportunities. One common question that arises during gameplay is whether it’s possible to buy a mortgaged property. In this article, we will delve into this topic and provide you…
Rocket Mortgage Payoff Request Online – Simplify Your Mortgage Payoff Process If you’re a homeowner with a mortgage, you might be wondering how to streamline and simplify the process of paying it off. Here’s where Rocket Mortgage comes in. With their innovative online platform, you can now request your mortgage payoff online, making the entire…
Wells Fargo Mortgage Loan Recast Are you considering a mortgage loan recast with Wells Fargo? In this blog post, we will explore the basics of mortgage loan recasting and discuss how Wells Fargo can help you achieve your financial goals. Whether you want to lower your monthly payments or pay off your mortgage sooner, a…
How Much of My Mortgage Payment is Going to Principal? Buying a home is an exciting milestone, but it often comes with a significant financial commitment. One aspect that can raise questions for homeowners is how much of their mortgage payment is actually going towards the principal. In this article, we will help you understand…
On Deed But Not on Mortgage When it comes to homeownership, many people assume that being on the deed and the mortgage are the same thing. However, this is not always the case. In certain situations, you may find yourself on the deed of a property while not being on the mortgage. Let’s take a…
Wells Fargo Mortgage PMI Removal Are you a proud homeowner with a mortgage from Wells Fargo? If so, you may be familiar with Private Mortgage Insurance (PMI). PMI is a policy that protects the lender in case the borrower defaults on their mortgage payments. While PMI can be quite beneficial, it can also increase your…
How Much Mortgage Can I Afford With 70K Salary Buying a home is an exciting milestone, but it’s essential to determine how much mortgage you can afford before jumping into homeownership. Your salary plays a crucial role in determining your affordability. If you have a salary of $70,000 per year, let’s explore how much mortgage…
Who Did Mr. Cooper Sell My Mortgage To? Understanding the mortgage servicing process can sometimes feel overwhelming, especially when it comes to changes in mortgage ownership. If you have a mortgage with Mr. Cooper and suddenly find yourself wondering, “Who did Mr. Cooper sell my mortgage to?”, you’re not alone. Let’s shed some light on…
Can You Port a Mortgage When it comes to mortgages, porting is a term that you may have come across. But what exactly does it mean? To put it simply, porting a mortgage refers to the ability to transfer your existing mortgage from one property to another without having to go through the process of…