Articles filed under Refinance

Articles filed under Home Mortgage Nashville

What is a Good Faith Estimate?

December 20, 2008

The Good Faith Estimate or GFE is an estimate of all the costs involved in purchasing or refinancing your property. Some items may vary depending on the title company your loan is closing at, the date it is closing, the size & type of property and other facts that are not known at this time. [...]

Nashville Home Loan: Quick Tips for Getting Started on Your Refinance

December 20, 2008

When you refinance your existing mortgage, you are essentially paying off the existing mortgage debt and replacing it with a new loan. Many of the same costs are involved in refinancing a loan as are in first-time financing.To start with, the lender will need personal information to verify employment for you and your co-borrower (if [...]

Nashville Home Loan: Five Reasons to Refinance Your Mortgage

December 20, 2008

There is an old adage in the mortgage business that states that if you can improve your interest rate by at least one percentage point, then it is a good time to refinance. While that may work as a general rule of thumb, the truth is that there are many reasons to refinance. Here are [...]

What is APR – Annual Percentage Rate?

December 20, 2008

The annual percentage rate, or APR, is a measure used to determine the true cost of a loan. Instead of a bank or lender telling that your rate is 6.5% with fees of $8,000, they’ll just say the annual percentage rate is 6.87% with those fees included. The annual percentage rate was essentially created [...]

Understanding Your Credit

December 14, 2008

Although each credit reporting agency formats and reports this information differently, all credit reports contain basically the same categories of information. Your social security number, date of birth and employment information are used to identify you. These factors are not used in scoring. Updates to this information come from information you supply to lenders. Identifying [...]

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