The Ultimate Mortgage Glossary

The Ultimate Mortgage Glossary

The Ultimate Mortgage Glossary The Ultimate Mortgage Glossary. Buying a house is a great way to plant roots, and a first step to financial growth. If you’re looking to buy a home, the first thing you’ll want to do is check your credit, since it’s going to play a huge...
How Does a Mortgage Work?

How Does a Mortgage Work?

How Does a Mortgage Work? How does a mortgage work? Thirty-year fixed-rate mortgages recently fell from 4.51% to 4.45%, making it a perfect time to buy a home. First, though, you want to understand what a mortgage is, what role rates play and what’s required to...
How to Work with a Mortgage Broker

How to Work with a Mortgage Broker

How to Work with a Mortgage Broker How to Work with a Mortgage Broker. Home loans can be obtained from lenders, banks or credit unions—known as mortgage lenders or direct lenders—that make loans to directly to individuals. Residential mortgage loans can also be...
Is Buying a House with Bad Credit Possible?

Is Buying a House with Bad Credit Possible?

Is Buying a House with Bad Credit Possible? Buying a House with Bad Credit? If you’re tired of throwing away your hard-earned money on rent each month, you may be ready to buy a home of your own and begin building equity. Unfortunately, buying a home can be a...
What Is an FHA Loan?

What Is an FHA Loan?

What Is an FHA Loan? FHA loans are home loans insured by the Federal Housing Administration (FHA), which is a part of the U.S. Department of Housing and Urban Development (HUD). These loans offer prospective homebuyers with lower credit scores and down payments the...
How to Refinance with Bad Credit

How to Refinance with Bad Credit

How to Refinance with Bad Credit Refinancing a loan involves paying your existing mortgage loan off and replacing it with a different loan. A refinance can net a different interest rate and term. A lower interest rate might lower your payments. A shorter term might...
Am I Ready to Be a Homeowner?

Am I Ready to Be a Homeowner?

Am I Ready to Be a Homeowner? Ready to Be a Homeowner? Purchasing your first home is a major milestone and not a decision to be taken lightly. It’s a huge financial commitment that can take months of preparation—searching for the right home, making an offer, going...
Guidelines to Mortgage Refinance

Guidelines to Mortgage Refinance

Guidelines to Mortgage Refinance You’ve heard about the benefits that can come from a mortgage refinance, like getting a lower interest rate that can save you money on your monthly mortgage payments, helping you afford home renovations or even getting your finances...
How to Get Pre-Approved for a Mortgage Home Loan

How to Get Pre-Approved for a Mortgage Home Loan

How to Get Pre-Approved for a Mortgage Home Loan One of the best things you can do to help ensure your best possible shot at getting the home you want is getting a pre-approved mortgage loan. Mortgage pre-approval is basically a promise from the lender. A promise that...
What Credit Score Do I Need to Buy a House?

What Credit Score Do I Need to Buy a House?

What Credit Score Do I Need to Buy a House? Knowing the credit score needed to buy a house Knowing your credit scores is a good idea for many reasons. Everything from qualifying for a credit card or an auto loan to getting utility services or renting an apartment can...
Understanding Mortgage Points

Understanding Mortgage Points

Understanding Mortgage Points Mortgage points are not always applied and should be considered as part of a better interest rate. Be aware they are fees paid with your the closing costs on your home loan to lower your mortgage loan interest rate. In other words,...
How to Successfully Navigate the Mortgage Process

How to Successfully Navigate the Mortgage Process

How to Successfully Navigate the Mortgage Process   Gather your documents, there’s a lot involved in the mortgage process and what you need to know to get your home loan approved. The home loan process is only part of the equation though. It’s important to take...