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Mortgage Depot Welcomes Cindy Chen To Our Team

Yanyue “Cindy” Chen began her career in real estate five years ago. As a mortgage loan specialist, her primary focus is securing specialized financing options that suit her clients personal home goals and needs.Are you a first time home buyer in need of a...

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What are Closing Costs

CLOSING COSTS are fees that are earned prior to closing but are payable at or prior to closing and Fees that are required to be paid at closing to complete the loan transaction.These Fees are itemized and estimated for you on the Good-Faith-Estimate now...

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LPMI -Lender Paid Mortgage Insurance

Mortgage insurance, or PMI, is typically required on residential mortgage loans with greater than 80 percent loan-to-value on the first lien. The purpose of PMI is essential to protect the lender in the event you default on the mortgage, and it is required...

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New construction extended rate locks

Build with confidenceYou as a customer benefit from locked in ratesWe help our customers gain peace of mind in a changing market with the Extended Rate Lock program. You can lock down a range of interest rates with a required, non-refundable extended rate...

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Home Equity Lines Of Credit

Heloc also knows as Home Equity Lines Of Credit are a perfect 2nd mortgage for a perfect situation.Home Equities are primary know as second mortgages but can also be used as first mortgages for those that don’t have a first mortgage in place. There are...

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FHA Loan Types

The FHA will back any mortgage loan known as the FHA loans. These loans are characterized by a small down payment and minimal credit requirements when compared to traditional mortgages. An FHA mortgage has an upper limit for the mortgage, which is specific...

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It’s Time to Plan Ahead on New Construction

We help clients get a head start on all their new construction projects before the season is over! Now’s one of the best times for your clients to build so that their investment properties are ready by spring or summer! The markets will warm up quickly...

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Mortgage Depot Bronze Sponsor

MortgageDepot is proud to have been a Bronze sponsor for the Fall 2018 Real Estate Summit recently held at the Westin Hotel Times Square in the heart of New York City. We are committed to the professional growth of real estate professionals everywhere and...

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