July 26, 2019 / by Bailey & Wood / Mortgage, Mortgage Basics / 0 comments
Hazard insurance is a term sometimes used to describe the coverages that homeowners insurance provides for certain risks, according to the Consumer Financial Protection Bureau (CFPB). Some common examples of hazards (also referred to as perils) that are often covered by homeowners insurance include fire, theft and vandalism, among others. Mortgage lenders usually require proof […]
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Mortgage Monday Episode 27: Myth #15
August 16, 2019 / by Bailey & Wood / Inside Bailey & Wood, Mortgage, Mortgage Basics / 0 comments
In today’s episode of Mortgage Monday, Loan Officer Loryn Ratz dispels the common myth about Credit Reports! If you’ve heard of a Mortgage Myth and want us to debunk it, comment down below!
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Mortgage Monday Episode 26: Myth #14
August 12, 2019 / by Bailey & Wood / Inside Bailey & Wood, Mortgage, Mortgage Basics, Mortgage News / 0 comments
In today’s episode of Mortgage Monday, Loan Officer Courtney Schroeder dispels the common myth about the costs of Refinances! If you’ve heard of a Mortgage Myth and want us to debunk it, comment down below!
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Mortgage Monday Episode 25: Myth #13
August 5, 2019 / by Bailey & Wood / Home Buying, Inside Bailey & Wood, Mortgage, Mortgage Basics, Refinance / 0 comments
In today’s episode of Mortgage Monday, Loan Officer Shane Easton dispels the common myth about 30 year vs 15 year Mortgages! If you’ve heard of a Mortgage Myth and want us to debunk it, comment down below!
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Who is HUD?
August 1, 2019 / by Bailey & Wood / Mortgage, Mortgage Basics / 0 comments
The Department of Housing and Urban Development administers programs that provide housing and community development assistance. The Department also works to ensure fair and equal housing opportunity for all.
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Mortgage Monday Episode 24: Myth #12
July 29, 2019 / by Bailey & Wood / Inside Bailey & Wood, Mortgage, Mortgage Basics / 0 comments
In today’s episode of Mortgage Monday, Loan Officer Diane Rick dispels the common myth involving what to do if you’re denied! If you’ve heard of a Mortgage Myth and want us to debunk it, comment down below!
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What is Hazard Insurance?
July 26, 2019 / by Bailey & Wood / Mortgage, Mortgage Basics / 0 comments
Hazard insurance is a term sometimes used to describe the coverages that homeowners insurance provides for certain risks, according to the Consumer Financial Protection Bureau (CFPB). Some common examples of hazards (also referred to as perils) that are often covered by homeowners insurance include fire, theft and vandalism, among others. Mortgage lenders usually require proof […]
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Mortgage Monday Episode 23: Myth #11
July 22, 2019 / by Bailey & Wood / Mortgage, Mortgage Basics
In today’s episode of Mortgage Monday, Loan Officer Bart Beach dispels the common myth involving 9 to 5 jobs! If you’ve heard of a Mortgage Myth and want us to debunk it, comment down below!
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Mortgage Monday Episode 22: Myth #10
July 12, 2019 / by Bailey & Wood / Inside Bailey & Wood, Mortgage, Mortgage Basics
In today’s episode of Mortgage Monday, Loan Officer David Inabnit dispels the common myth involving Perfect Credit! If you’ve heard of a Mortgage Myth and want us to debunk it, comment down below!
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What is the Adjustment Date?
July 9, 2019 / by Bailey & Wood / Inside Bailey & Wood, Mortgage, Mortgage Basics
The Adjustment Date on which the interest rate changes for an adjustable rate mortgage (ARM). There are different terms for ARM products known as adjustable rate mortgages. Contact a Bailey & Wood Mortgage Consultant to see options available for you.
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What does DTI mean?
July 5, 2019 / by Bailey & Wood / Inside Bailey & Wood, Mortgage, Mortgage Basics, Mortgage News
Debt-to-Income is known in the industry as DTI. The percentage of a consumer’s monthly gross income that goes toward paying debts. Each loan program has their own restrictions for DTI and what is acceptable. Contact a Bailey & Wood Mortgage Consultant for more information.
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