Mortgage Tips

Understanding the Importance of Creditworthiness One of the most critical steps individuals often overlook before applying for a mortgage loan is assessing their creditworthiness. Failing to check your credit score before applying can lead to costly mistakes. This oversight could result in increased interest rates, ...

Expertise and Knowledge There are two reasons why hiring an independent mortgage lender is better than seeking financing through a bank. The employees at a borrowing firm know more about all of the different kinds of loans than do bank laborers. Most of them encourage ...

What does a mortgage broker do? A mortgage broker is a licensed professional who acts as an intermediary between borrowers and lenders during the mortgage application process. They work with multiple lenders to help borrowers find the most suitable mortgage product for their needs. How ...

It is important to understand why you can only get a thirty year mortgage from the government. You might have read about interest only and ARM plans. USDA loans and Rural Development loans are only offered in classic, thirty year formats. Many people are interested ...

USDA and FHA loans offer borrowing terms for people who might find it hard to qualify for a conventional mortgage to buy a home. FHA and USDA loans are geared toward people with low incomes and less-than-stellar credit scores who might not be able to ...

What is a moving or relocation loan? A relocation loan, also known as a moving loan, is a type of personal loan designed to provide financial security during a move. Whether you’re relocating for personal reasons or for business purposes, a relocation loan can help ...

Home buying is the biggest investment most people will make. It’s also the most enjoyable one because you are buying a home where you will live and enjoy life.  Unless you have a sizeable amount of cash to buy a house, you will need to ...

The nine community property states are:   Arizona California Idaho Louisiana Nevada New Mexico Texas Washington Wisconsin   Community property means that spouses who buy property during marriage own property equally. If the couple divorces, community property is divided 50 / 50.    Understanding Spousal ...

What Is a Trade Line? A trade line is like a snapshot of your financial history found in your credit report. It includes all the accounts you have, such as credit cards, loans, or any other credit you’ve used. Each trade line shows how you’ve ...