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Mortgage Glossary
Underwriting
The analysis of the risk involved in making a mortgage loan, based on your ability and willingness to repay the loan, as well as other factors such as the property evaluation.
Underwriting Fee
Lender fee that offsets the cost of processing your loan for closing. Different companies may refer to them by different names, such as processing fees or document preparation fees.
Dreaming about owning your own home?
Having a financial plan before you look can help you better prepare for home buying costs.
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Wondering if you should refinance?
Here is a list of ten things you should know before refinancing.
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Ready to Buy or Refinance?