Range Lending’s seven core values are what makes it the top choice when it comes to mortgages in Oakland, Macomb, and Wayne counties in Michigan. With each post of this seven part series, we will seek to highlight each individual core value and show you exactly how it makes us a better mortgage broker. These…

Range Lending’s seven core values are what makes it the top choice when it comes to mortgages in Oakland, Macomb, and Wayne counties in Michigan. With each post of this seven part series, we will seek to highlight each individual core value and show you exactly how it makes us a better mortgage broker. These…

If you purchase a home with a conventional loan for less than 20% with the down payment, you can expect to pay private mortgage insurance (PMI). Private mortgage insurance protects the lender if you were to default on your loan. You pay a monthly premium to the insurer who will pay a portion of the…

Range Lending’s seven core values are what makes it the top choice when it comes to mortgages in Oakland, Macomb, and Wayne counties in Michigan. With each post of this seven part series, we will seek to highlight each individual core value and show you exactly how it makes us a better mortgage broker. These…

Asking the right questions can save you, big time, when it comes to purchasing a new home. Here is a quick listing of the 10 most important questions to ask when purchasing a new home: What is my budget?If you visit a home that is two or three times your budget, of course it will…

When you are making a major life decision, do you prefer to be limited to one or two choices, possibly foregoing a better option? Or, do you prefer to have a slightly wider range of options available to make the best choice possible? While this is a rhetorical question, the answer is something you likely…

Knowing the difference between your mortgage’s interest rate and APR (annual percentage rate) is not as confusing as it seems. Both rates relate to the total cost of your home loan, but each calculation comes from a subtle but distinct difference in inputs. It is important to understand the difference between an advertised rate and…

Located on the first page of your Closing Disclosure, you will find two lines at the end that can easily be confused. One of these sections is labeled “Closing Costs” and the other is labeled “Cash to Close.” These terms are more than simply semantics. They actually are two distinct components that comprise the costs…

Time is money. And in perhaps no other area does this ring truer than your mortgage. The overall cost of your mortgage is a direct result of the time, or term, for which is financed. A lower rate, even over the same time period as the original term, can lead to substantial savings. Sometimes, significantly…