There are many moving parts when it comes to purchasing a home. We make sure our clients are educated and informed every step of the way.
The WB Mortgage Team is ready and willing to answer all of your questions. Here are some basic mortgage terms every homebuyer should be familiar with.
This is the sum of the “PITI”, or: Principle, Interest, Taxes, and Insurance
This is determined by the home buyer’s Credit, Income and Assets
This is needed when you put down less than 20% of the purchase price of the home.
This should be done before you start shopping for a home to expedite the process.