Mortgage Education Center

Better information to make better home
financing decisions.

By ReviewMyMortgage Admin

Unpredictable Market Trends: Navigating the Current Mortgage Landscape

Stay updated with the latest in the mortgage industry as we navigate an unpredictable market landscape. Discover insights on recent trends, housing inventory, and mortgage rates, and learn how to stay ahead in these challenging times with ReviewMyMortgage.com."

By ReviewMyMortgage Admin

Thinking of a Career as a Mortgage Loan Originator?

At ReviewMyMortgage.com, we understand the importance of having a thorough understanding of the mortgage licensing process. After all, becoming a Mortgage Loan Originator (MLO) opens up a world of opportunities. However, the journey to becoming an MLO involves a number of steps and requirements that must be met.

By ReviewMyMortgage Admin

Major Shifts in Mortgage Costs

The article provides an overview of the recent changes in mortgage fees, specifically Loan Level Price Adjustments (LLPAs), imposed by Fannie Mae and Freddie Mac in the United States. It explains how these changes affect borrowers based on credit score, debt-to-income ratio, and other loan features. The article also outlines the timeline for implementation, discusses the introduction of new charges, and highlights key changes, such as credit score bands and fees for "cash-out" loans. The piece concludes by directing readers to the official source of the changes.

By ReviewMyMortgage Admin

The Power of a Mortgage Review: Trusting a PRO Lender on ReviewMyMortgage

Explore the benefits of a mortgage review with a trusted PRO Lender on ReviewMyMortgage.com. Learn how you can save money, uncover refinancing opportunities, access expert knowledge, stay informed about market trends, and take advantage of the platform's user-friendly loanSMART dashboard. Secure your financial future by signing up for a free account on reviewmymortgage.com today.

By ReviewMyMortgage Admin

Understanding the Mortgage Credit Certificate: A Home Buyer's Perspective

This article explores the Mortgage Credit Certificate, a federal tax credit issued to qualified homebuyers that can make homeownership more affordable. We examine the benefits of the program for homebuyers and provide a comprehensive guide to eligibility requirements and how to apply. By taking advantage of this program, homebuyers can enjoy increased affordability, long-term savings, and more homeownership options.

By RMM Team

All About Different Mortgage Terms

Buying a home is an exciting opportunity to create financial stability and have a place you can make your own. But if you've started to look at a mortgage, you may be bewildered by the dizzying amount of terms. In fact, getting a mortgage can sometimes feel like you are learning a new language! But don't worry — this handy guide to the most common mortgage guide is here to save the day!

By RMM Team

Mortgage Insurance Premium – MIP – Explained

Are you scratching your head, wondering what mortgage insurance is and why it's adding to your expenses? It's confusing, to be sure. If you're taking out a Federal Housing Administration (FHA) loan, chances are you'll need a mortgage insurance premium (MIP) to be set up. Also known as FHA mortgage insurance, it works to protect the lender from these higher-risk loans. As you learn how to buy a house, you may encounter these home loans, which typically have a lower interest rate and easier qualifications. Even with the requirement for MIP, FHA loans could still benefit you.

By ReviewMyMortgage Admin

Different Mortgage Fees to Expect When Financing a Home

When determining the true cost of owning a home, the process starts with fees. Purchasing a home is a form of real estate investing that comes with both benefits and expenses. The full cost to own a home, including all fees paid, is a big part of that. When it comes to personal finance and financial education in general, the more info you have about the transaction, the better.

By RMM Team

What to Know About the Home Appraisal Process

A home appraisal is an essential part of the home-buying process. It’s important to understand the ins and outs of an appraisal before you make any financial moves.

By RMM Team

Why Program is More Important Than Interest Rate

Purchasing a home and selecting a mortgage is one of the biggest financial decisions most people will make. Many potential buyers, especially first-time home buyers, mistakenly believe that finding the lowest interest rate is the most crucial aspect of securing the best mortgage possible. There are several aspects of mortgages, loans, and interest rates that individuals need to understand to make the best decisions possible when buying a home

By RMM Team

A Rundown On Closing Costs and How They Affect You

It can be tricky to sift through all the figures , so we broke down what they are, how much they cost, who's responsible and how to minimize your expenses.

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