Mortgage Blog | Portland Mortgage Broker

Latest Articles

29 Jun 2022

PMI: What is it? Do I Need it?

How to determine which type of PMI is best for you In today’s market, saving for a 20% down payment can mean putting your home buying dreams on hold. Fortunately, there’s an option for buyers to put down less than 20% by utilizing private mortgage insurance, also known as PMI. What is Private Mortgage Insurance? […]

31 May 2022

Escrow: What Is It and How Does It Work?

What is escrow and how does it work? Escrow is a common term you’ll hear during the home buying process, but if this is your first home, it’s one you might not be familiar with. There are two types of escrow accounts that will come into play when buying a home: During the process, funds […]

10 May 2022

What Happens After Underwriting?

What happens after underwriting? There are a lot of specifics to the mortgage process, which can seem overwhelming if it’s your first time going through it. The good news is that your lender will guide you along every step of the way to ensure things run as smoothly as possible. Part of that process is […]

26 Apr 2022

Why Mortgage Rates Are Rising And What It Means For Home Buyers

Why mortgage rates are rising and what does it mean for home buyers? For a long time, we’ve been talking about how interest rates have been at historic lows. If you’ve been paying attention, you’ve noticed that now things are trending in the opposite direction, and we’re seeing rates rising significantly. What’s causing the increase? […]

12 Apr 2022

LTV Explained: What is “Loan to Value” for a Mortgage?

When going through the lending process, you’ll encounter a lot of different terminology that can be confusing – particularly if it’s your first time applying for a mortgage. One of these terms is the loan to value (LTV) ratio. In addition to factors like your credit score, income, and general financial standing, LTV is one […]

Latest Articles

PMI: What is it? Do I Need it?

Escrow: What Is It and How Does It Work?

What Happens After Underwriting?

Why Mortgage Rates Are Rising And What It Means For Home Buyers

LTV Explained: What is “Loan to Value” for a Mortgage?

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