michael-idarola-mortgage-broker

Michael Idarola

Mortgage Expert

Mortgage Education

Welcome to my mortgage resource center, where you can learn all you need to know about mortgage loans.

apr vs interest rate

Understanding the Difference Between Your APR(Annual Percentage Rate) and Your Interest Rate

When you are shopping for a home loan, it is important to make sure that you end up with the best loan possible. The only ...
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conventional mortgage

A Simple Guide to Understanding Conventional Mortgages

If you are planning on buying a new home at some point in the near future, there is a good chance that you are going ...
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cash-out refinance mortgage lender

7 Benefits of a Cash-Out Refinance

If you are considering a major renovation on your home, then you should be thinking about a cash-out refinance. Refinancing your home loan is a ...
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7 Tips for First-Time Home Buyers

7 Tips for First-Time Home Buyers

Buying a home for the first time is exciting but can also be rather intimidating. Dealing with down payments, finding a mortgage, and this doesn’t ...
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Pre-qualification-Vs.-Pre-approval-Whats-The-Difference

Pre-qualification Vs. Pre-approval: What’s The Difference?

When it comes to buying a new home, two key terms are tossed around within the aspect of mortgage approval. One of the first questions ...
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Payment Mortgage Insurance

Understanding Private Mortgage Insurance (PMI)

Private mortgage insurance (PMI) is a specific type of insurance for mortgage holders. Its purpose is protecting lenders should a borrower fail to make payments ...
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Home Loan Down Payments: How Much Do You Really Need?

Home Loan Down Payments: How Much Do You Really Need?

While it’s long been the standing concept that you have to save up 20 percent in order to get a home loan, this is no ...
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How to Refinance Your Home Mortgage

How to Refinance Your Home Mortgage

As one of the biggest investments in your life, you likely will have a lot of money tied up into your primary residence. As equity ...
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A Simple Guide to Mortgage Points

Whether you are looking to purchase a new home or refinance an existing one, you want to make sure that you get the best price ...
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michael-idarola-mortgage-broker

Michael Idarola

Mortgage Expert

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