Emanuel Stewart - Reliant Home Lending -

Emanuel Stewart January 5, 2024

Understanding, Avoiding, and Mitigating Early Mortgage Repayment Fees

Mortgage prepayment penalties are fees charged by lenders when borrowers pay off their mortgages before the agreed-upon term. These penalties are designed to compensate lenders for potential lost interest income and can significantly impact borrowers who want to pay off their mortgages early.

Emanuel Stewart January 4, 2024

15-Year vs. 30-Year Loans Compared

Choosing the right mortgage term is a critical decision when purchasing a home. The two most common options are 15-year and 30-year mortgage terms. Let’s compare the advantages and disadvantages of each to help you make an informed decision:

Emanuel Stewart January 3, 2024

The Role of Mortgage Escrow Accounts in Property Tax and Insurance Payments

A mortgage escrow account, also known simply as an escrow account, is a financial arrangement set up by a mortgage lender to manage and disburse certain payments related to the property on behalf of the homeowner. The purpose of an escrow account is to ensure that essential expenses, such as property taxes and homeowners’ insurance, are paid on time.

Emanuel Stewart January 2, 2024

What’s Ahead For Mortgage Rates This Week – January 2nd, 2024

With the New Year, the final week only featured the normal reports of Jobless Claims, S&P Shiller Home Price Index (YoY), and Chicago Business Barometer. All of them will have limited impact compared to the GDP and the Inflation data reports that have already been released.

Emanuel Stewart December 29, 2023

Mortgage Rate Locks: When and How to Secure the Best Rate

Rate locks provide financial stability, especially for those on a tight budget. Unpredictable rate changes can significantly impact the affordability of a mortgage, and a rate lock mitigates this risk.

Understanding, Avoiding, and Mitigating Early Mortgage Repayment Fees

15-Year vs. 30-Year Loans Compared

The Role of Mortgage Escrow Accounts in Property Tax and Insurance Payments

What’s Ahead For Mortgage Rates This Week – January 2nd, 2024

Mortgage Rate Locks: When and How to Secure the Best Rate

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