The Mortgage Application Process: First Steps in Buying a Home
The mortgage application process is the first step required if you need a loan to purchase residential real estate. The…
FICO Credit Score Basics
FICO credit scores are use by lenders to assess how likely you are to be able to repay a loan.…
Fixed Mortgage Basics: Fundamentals of Fixed Interest Rates
A fixed mortgage is one whose interest rate remains the same over the full term of the mortgage loan. This…
Mortgage Prepayment Penalty Basics: Early Settlement Costs
Fundamentally, a mortgage prepayment penalty is applied by lenders to recover some of the profit they would have made were…
Adjustable Rate vs Fixed Rate Mortgage Basics
Adjustable Rate Mortgage Basics: ARM or Fixed Rate? With an adjustable rate mortgage (ARM) you pay a fixed rate of…
Should I Lock My Mortgage Rate Now?
A very common question for any consumer that might be considering refinancing an existing home loan or purchasing a new…
Before You Buy: Home Hunting Tips
Buying a home can be an exciting and somewhat stressful experience. When shopping for your new home, keep in mind…
Top Mistakes of Home Buyers
The process of buying a home is one that you need to engage in with your head as well as…
Using Gift Money for Your Down Payment
With minimum down payment requirements for the purchase of your first home, coming up with the funds can be a…
What to Look For When Searching For a Quality House to Buy
Houses, like people, can be all shapes and sizes. What you choose to buy might not be what someone else…