Archive for: August 2007

A mortgage prepayment penalty allows the lender to charge a borrower additional interest if the mortgage is repaid during a specific period of time. If a mortgage loan does include a prepay penalty, it should be clearly stated within the mortgage disclosures, mortgage …

If left to their devices, many kids would do their homework on the sofa in front of the television or sprawled out on the bed listening to their favorite CD.  If we help our kids develop good study and work …

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The process of settlement or closing puts the title of the house in your name, verifies homeowners insurance on the property, commits in writing to the terms of the mortgage and if all goes as scheduled, puts the keys to …

For most families, when the kids are out of school, the pace of the household slows down a bit. We schedule fewer activities and take more …

For many first time home buyers, deciding on the right mortgage program can be overwhelming. There was a time when choosing a mortage was a fairly simple process. A borrower had the choice of one of two options: a fixed or adjustable rate. …