Generally speaking, a 'direct lender' is a lender who lends his own funds. Some mortgage lenders use this term to differentiate themselves from mortgage brokers, who arrange loans between you and a lender. A direct lender should have control over the loan process from start to finish, but simply being a direct lender doesn't guarantee that you'll get great pricing or great service.
Credit life insurance is sold to homeowners as a means to pay off the mortgage in the event of the death of the homeowner.
Read MoreSome homeowners will pay this 3.8 percent tax when they sell their homes, but only if they meet certain conditions.
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