Smithfield, VA – Many homeowners may be unsure about the terms used in mortgages, but they are important to understand the basics. Each monthly payment for a home mortgage includes both payments to the lender for the loan and a portion toward the loan’s principal balance. Amortization is the way that these payments are divided
Poquoson, VA – A home mortgage is a loan that a borrower takes out to finance the purchase of a home. It is a loan that the lender holds as collateral, which means that if you default on the loan, the lender will be able to seize your property and sell it. The lender may
Windsor, VA – The payments on your home mortgage are a mix of principal and interest, along with a portion of the property taxes and private mortgage insurance. There are many different types of home loans and each one is customized for each borrower. The application process is the first step, and it is crucial that