A Denver Loan Estimate Mistake and a $60,000 Appraisal Gap, in the Same Deal
A lower mortgage rate does not mean a lower total cost. And a home that fails to appraise is not automatically a lender’s problem to fix. A Denver home appraisal gap of $60,000 and a loan estimate that hid a higher payment both showed up in the same deal this summer. Catching both kept one […]
What is Mortgage Insurance?: Its Types & Significance
Did you know that mortgage insurance helps lots of people buy homes, even if they don’t have a big chunk of money saved up? It’s like a safety net for lenders, making it possible for folks with smaller down payments to get approved for home loans. Over the last 66 years, private mortgage insurance (PMI) […]
