Category: Mortgage

Underwriting: What You Should Know

Have you ever wondered how people pass a mortgage loan application? This good news comes right after an underwriting process. But how is it done? What can you do to get that approval, too?

Underwriting involves a lender reviewing your credit history, money, income, and current debts. The lender will also assess the home’s value to see if it matches the amount you will borrow.

Private Mortgage Insurance 101

Homebuyers worry about paying private mortgage insurance (PMI), which is another concern in addition to the down payment and closing costs.

Lenders who offer conventional loans need PMI if your down payment is less than 20%. Financial institutions that provide government-backed mortgages ask for insurance too.

How a Mortgage Lender: Help You Achieve Homeownership

Have you ever heard about taking a mortgage loan to buy your dream home? If so, you may have also discovered that it involves a mortgage lender. But, what exactly is their role in the whole home-buying process? How are they different from a broker and a servicer?

Home Financing: A Short History

Are you thinking about buying a house? Many financial institutions are willing to lend you money. Mortgage lenders help you pay for your dream home upfront. Home financing has allowed many Americans to achieve their dreams in no time.

What Is a Grant Vs a Loan?

Did you know that grants and loans are available to help you become a homeowner? Each financial assistance has its way of helping anyone buy a house.

A grant is a gift of cash that helps you pay some house costs. A loan involves a more significant amount of money you need to repay. It is possible to use both to buy your dream home finally.

Guide To Refinancing: What It Is and How It Works

Did you buy your house through a mortgage? What if you could cash out its value to pay for expenses you can’t afford? Or change to a new loan with lower interest rates? Refinancing makes these and other things possible.

What is a Mortgage? : Ultimate Guide

Can you imagine buying a $200,000 house by paying only $10,000 upfront? With a mortgage, you can make your homeownership dreams come true.

A mortgage is a type of loan that finances homes and lands. It starts with applying to a mortgage lender. If this company approves it, they will pay most of the property’s sale price upfront.