Category: Information About Mortgages

Refinancing to Build Home Equity

Homeowners and investors see to take advantage of historically low mortgage rates in 2012. During the third quarter, mortgage refinancing reached 2010 activity levels. The effects of mortgage refinancing benefit homeowners. Refinancing mortgages at a lower rate than the mortgage…

What are prorated taxes on the HUD settlement statement?

The HUD-1 is one of the documents you’ll sign at closing for your mortgage. It details all the money transfers between all parties related to the closing. One of the most confusing items on the the HUD is the section…

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