Conventional mortgages make up most of all home loans in the U.S., and it’s the one most borrowers think of when they think of mortgages. It’s what you might think of as a traditional, garden-variety mortgage, but that doesn’t mean it doesn’t have its strengths – there are a lot of benefits to this type […]
Buying a home sprouts so many questions about the mortgage process. Discover the answers to the most frequent questions homebuyers ask, like how to verify assets for lenders, what documentation is needed when applying for a mortgage, and more with our mortgage FAQ’s articles.
Let’s give credit where it’s due – to you. You’re here because you’re looking into how your credit score affects your ability to buy or refinance a home and to understand how your credit can impact the rates you’re offered. You likely know that your credit score matters and it is one of the primary […]
“How do home appraisals work?” may not be on everyone’s list of burning questions, but if you’re buying, selling or refinancing a house, it should be on yours. And there’s a whole host of questions that goes along with that one, from what you can expect to how much it costs to what’s in that […]
You’re ready to purchase a home and step into a new chapter of your life. Or maybe you’re ready to refinance, which also means a new chapter. You could save money on your mortgage every month and then take cash out to pay off credit card debt, afford a new home renovation or go on […]
Despite the fact that it may be the largest financial transaction you will ever make, advancements in technology have made it easier than ever to pre-qualify and then to officially apply for a mortgage loan. When applying for a home loan, specific documentation such as income verification or asset verification is required (you can read […]
Now is the right time to refinance my mortgage, right? Well, maybe. There are lots of good reasons to trade in your old mortgage for a new one, especially with increasing home values and the current mortgage interest rate environment. But whether or not it’s the right decision for you depends on your unique financial […]
You’ve undoubtedly heard the expression “Time is money.” When it comes to shopping for a mortgage, we’re going to tweak it slightly by saying “Time can save you money.” Putting in a little time and effort on the front end to compare mortgage types, rates, and offers can help you get the best deal and […]