Will the May 2023 Mortgage Fee Structure Change Impact me?
Posted On: April 28, 2023 by Prevail Bank in: Home Loans
Effective May 1st, 2023, Fannie Mae and Freddie Mac is making changes to the Loan-Level Price Adjustment Matrix.
These fee structure changes will impact all whole loans purchased on or after May 1, 2023, and for loans delivered into MBS with issue dates on or after May 1, 2023, unless otherwise noted here.
Will these LLPA Changes Impact Prevail Bank Home Loans?No, this mortgage fee structure change will impact only those loans that are sold directly to...
Savings Tips to Prepare Students
Posted On: April 11, 2023 by Prevail Bank in: Banking
April is financial literacy month and this year we are excited to offer even more resources and opportunities than last year!
Once again, we are participating in the Teach Children to Save program.
Saving is a great habit and a powerful tool to develop at a young age. Saving helps teach discipline and goal setting which are important life-long habits.
How can I teach my child/student about saving? Use...
What Should be Taken into Consideration When Remodeling a Home?
Posted On: April 1, 2023 by Prevail Bank in: Home Loans
Remodeling a home can be an exciting and rewarding experience, but it also requires a considerable amount of time, effort, and money. Carefully consider the pros and cons of remodeling before taking on such a project. Homeowners typically consider remodeling when their current living space no longer meets their needs, or if they want to make improvements that will increase the value of their property.
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Local Mortgage Lenders vs Online Lenders
Categories: Home Loans
