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If you’re applying for a mortgage or refinancing, you’ve likely heard the term “mortgage points” thrown around. But what are they really—and should you buy them? At Rapid Home Loan, we get this question all the time. Mortgage points can…
Life happens—and sometimes that means falling behind on mortgage payments due to illness, job loss, or other financial hardships. If you’re in this situation, you may have heard the term mortgage forbearance. But what does it actually mean, and how…
For many people, the dream of homeownership comes with a big question mark:Should you pay off debt first, or start saving for a home? At Rapid Home Loan, we help clients navigate this very question every day. The truth is,…
If you’ve ever felt overwhelmed by the lingo thrown around during the mortgage process, you’re not alone. Mortgages come with their own dictionary—and understanding the terminology can make a huge difference when it comes to making informed decisions. At Rapid…
Refinancing your mortgage can be a smart move—whether you want to lower your monthly payments, shorten your loan term, or tap into your home’s value. But one of the first questions we get at Rapid Home Loan is: “How much…
When applying for a mortgage, most borrowers are steered toward what’s known as a Qualified Mortgage (QM)—a loan that meets specific guidelines set by the Consumer Financial Protection Bureau (CFPB). But what if your income, credit history, or documentation doesn’t…
If you’re dreaming of homeownership but your credit score isn’t where you want it to be, you’re not alone—and you’re not out of options either. At Rapid Home Loan, we help people every day navigate the homebuying process, even with…
When most people think about getting a mortgage, they focus on the application and approval process—finding the right rate, getting pre-approved, submitting documents, and finally closing on their home. But what happens after you close? That’s where mortgage servicing comes…
When applying for a mortgage, your bank statements might seem like just another item on the lender’s paperwork checklist. But at Rapid Home Loan, we want our clients to understand that these documents play a crucial role in the mortgage…
When you’re shopping for a mortgage, one of the most important decisions you’ll face is choosing between a fixed-rate and a floating-rate (also known as variable-rate) loan. At Rapid Home Loan, we know how overwhelming this decision can feel—especially in…
