Servicing Frequently Asked Questions

General Information Q: How can I confirm that my payment has been received? A: You may sign up for the “Notify Me” option when you log in to manage your account under the ‘My Loans’ tab. By selecting this option, an email confirmation will be sent to you every time a payment posts to your…

Sorting Out the Difference Between Fannie & Freddie

Fannie Mae and Freddie Mac are two terms that get thrown out a lot in the mortgage industry. Because they are so common place, it’s rare that anyone takes the time to define them and what role they play. Fannie and Freddie are vital to the mortgage market. While they are similar in some ways,…

How to Buy in Expensive Housing Markets

A lot of markets across the United States are very expensive. It’s been a seller’s market for some time now and homebuyers are having to compete for ever-increasing home prices. Here is a guide on how to buy in a housing market that might test your budget. The Worst House in the Best Neighborhood This…

Avoid the Top 5 Regrets of New Homeowners

After signing a mortgage, the last thing homebuyers want is a bout of buyer’s remorse. For first time homeowners, there is so much to learn and remember during the mortgage life cycle that it is easy to make some common mistakes. Be confident in your new home by avoiding the most common mistakes and regrets…

Top 5 Small Towns for Affordable Homes & Great Lifestyle

Realtor.com has recently released a list of the most affordable and best small towns to live in the United States. There are many people, including a lot of millennials, that choose small towns over large cities and less populated areas over the crowded coasts. Technology has made the world much smaller and people have a…

Rising Interest and Interested Homebuyers

On March 15, the U.S. Federal Reserve raised interest rates by a quarter of a point. While this signals their faith in the economy, it might make potential homebuyers feel a little nervous. Here are a few things to keep in mind. This Isn’t a Bad Sign In her press conference, Federal Reserve Chair Janet…

What is in a Mortgage Payment?

When finalizing the mortgage agreement to purchase a new home, many home buyers might wonder what exactly makes up the monthly mortgage payment. Most people have an idea about the principal and the interest rate, but how much of the payment applies to the home loan and how much goes to the lender in the…

4 Ways Rising Mortgage Rates Can Be Good

Mortgage rates rose last December and by most projections, they are going to rise again in 2017. While higher interest rates can be trouble for home buyers, there are actually a number of advantages. It’s not all doom and gloom. In fact, higher rates do not necessarily mean that home buyers will have to pay…

Improve the Value of Your Home with a Spring Renovation

Spring is nearly upon on us. With the warm weather, all of the big spring projects that we didn’t get to last year come creeping back onto our To-Do list. Many homeowners will consider improving their home with a renovation project. Whether it’s finding the right tradesmen to do the job or tackling it yourself,…

Multi-Generational Housing Becoming More Common

Multi-generational housing is far more common today than it was thirty years ago. Multi-generational housing is when two or more generations live in the same home. For instance, instead of renting or buying their own homes, millennials might live with their parents in the spare room to save on money while paying back student loans….