Loan To Value Ratios, Refinancing, and New Loans (Mortgage Basics)

Most of us who have owned our own home for a while have had plenty of exposure to mortgage loans. But every year there are millions of new entrants into the housing market who have little knowledge of the mechanics of mortgages and the vernacular employed. So, I’ll be writing some posts on the basics of mortgages, with the intention of tying all these concepts together over the next 4-5 months...