range lending

The interest rate on mortgages remains at or very near record low rates. While a number of people have already hit the refinance button, rates have ticked low enough that some may even consider a second refinance, or the rates are finally just too low to ignore for others. Regardless of your reason to refinance…

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core value

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…

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Range Lending

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…

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Private Mortgage Insurance

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…

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Range Lending

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…

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Range Lending

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…

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Range Lending

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…

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Range Lending

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…

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