Standard Mortgage Blog

You may not see their commercials on national TV, or their name on an NBA arena, but when it comes to finding a mortgage lender to finance the purchase of, or refinance your home, locally based companies offer a lot of benefits. It used to be that huge, national mortgage companies could only offer services like online applications, customer service, and more; but today small and medium lenders..

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..