Standard Mortgage Blog

There are different features, benefits, and processes as it relates to  mortgage loan products. Certain loan products are designed to help provide affordable mortgage loans to homebuyers. FHA loans are an example of this type of product. While conventional loans and other government backed mortgages typically have more stringent qualification requirements, FHA programs offer benefits to provide a..

If you have a conventional mortgage and are looking to lower your monthly payment without going through a refinance, a mortgage recast modification may be an option. Most lenders will allow you to make a one time lump sum payment toward your principal balance. The minimum curtailment payment applied to the principal of a loan must be the greater of $5,000 or 10% of the current principal balance..

When you bought your home, you probably had a lot of questions about the mortgage process and financing your home. Now that it’s been a few years, you likely haven’t given it a lot of thought. However, the lower interest rates fall, the more you may want to consider refinancing your mortgage. A mortgage refinance is the process of taking out a new loan to pay off your original mortgage.