Explaining Loan Origination Fees

Lenders occasionally charge an origination fee as a way to compensate themselves for generating the loan itself. Not only is this done as a way to cover their own expenses related to creating the loan, but it is extra money for them on a loan that may be potentially risky. In other words, it is

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Don’t Let Jumbo Loan Costs Stop Your Dream Home Purchase

A jumbo loan is a loan that exceeds the bounds of a traditional loan for one’s mortgage. There is a cap in most counties in the United States of $510,400 for a mortgage loan, but some people need more money than that to purchase the home that they want. These loans are not backed by

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Know What It Means To Have An Encumbrance

A reconveyance deed is commonly used to remove an encumbrance to “reconvey” a clear title to the property owner. The most common types of real property encumbrances are mortgages, property tax liens, and deed restrictions. When a mortgage is paid off, the encumbrance is removed

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