PFB Law, Professional Association
St. Paul: 651-968-1022
Toll Free: 866-561-3419
Practice Areas

Mortgage Archives

Do you have to sign a mortgage if you don't like the terms?

You waited to find the perfect home, and you already had a preapproval letter for a mortgage. You thought everything was going to go smoothly, but when you read the fine print of the mortgage, you started to feel uneasy. There were terms in it that you didn't quite understand, and you weren't pleased with changes to some terms you expected when speaking to someone previously.

What is Ginnie Mae?

Ginnie Mae is a short name for the Government National Mortgage Association. This organization used to be the Federal National Mortgage Association, but it was split into Fannie and Ginnie Mae in 1968.

Getting a mortgage is serious business: Protect yourself

Getting a mortgage is a part of the home-buying process for many people. A mortgage is simply a financing option for home. The lender provides you with a portion of the money needed to purchase your home, and you pay a portion on your own. You'll set up the mortgage to pay it back over time. Some people take short-term mortgages for 15 to 20 years, while others opt for a 30-year loan.

Protect your home's value after a storm with these tips

Any kind of natural disaster can affect your mortgage since it affects the overall value of your home. After a disaster, you'll look into ways to repair your home, but making a decision on which repairs to make and who to work with can be complicated. That's why the Better Business Bureau has tips for people in your situation.

Mortgage rates are on the rise in the United States

As someone interested in purchasing a home, one of the most important things to understand is your mortgage rate. Shopping for a good mortgage rate is vital, because even a percent difference on a loan can mean thousands of dollars spent on interest that you'd rather spend on your loan's principal balance. Over time, you could end up spending $20,000 or even $30,000 in interest alone.

Mortgage rates drop again in April

Mortgage rates play a major role in how many people take out mortgages and when. When mortgage rates are low, you can purchase a home with less interest, making it more appealing. When they're high, it's harder to get a mortgage with lower interest rates, making it less likely for people to buy at that time.

You can find a copy of your deed if it's been lost

If you want to sell a home but have lost the deed, don't despair. There are a few steps you can take to find a copy of the deed so that you can begin preparations for the sale. Recorded deeds are part of the public record, which makes it possible for anyone to obtain a copy.