Your credit score and how it differs from your credit report

What is your credit report? A credit report is an extensive record of your financial history and how you’ve handled the obligation to repay your loans. Depending on how long you’ve been attached to li...

The Difference between Big Banks and Private Lenders

In 2019, borrowers have more options when it comes to home loans than ever before. Traditionally, big banks have dominated the mortgage market. But increasingly, new homeowners are finding it easier a...

The Self-Employed Mortgage Access Act

The ranks of self-employed individuals are growing, leading to a greater awareness of the financial challenges facing people who are their own bosses. While companies that take advantage of "gig" hiri...

Sharp Drop in Rates Spark Jump in Applications

The combination of lower mortgage rates and an unusually slow end to 2018 caused mortgage applications to surge to start this year. Overall volume jumped 23.5 percent last week from the previous week,...

What is Escrow? Common Questions About Escrow in 2021 Answered

What is an Escrow Account? Escrow (also known as an impound account) acts like a savings account managed by your mortgage provider. Your escrow account is separate from your mortgage, but every time y...

The Benefits of Using a Loan Officer for Your Mortgage

What is a Loan Officer? As James Taylor famously reminds us in his hit song written by Carole King, “Now, ain’t it good to know that you got a friend?” If you have ever experienced a complex financial...

How Does Mortgage Interest Work?

Here is How Your Mortgage Is Calculated Amortization Mortgages are repaid with amortization. This is an established installment loan repayment schedule that includes your overall monthly payment and ...

What is a Gift Letter for a Mortgage?

Know a friend whose parents gave them money to help them buy a house? Maybe you received a graduation gift in the form of cash? Do you have a lump sum of cash from a relative to be used towards a down...

Property Investing in the Era of Airbnb

Why Airbnb is Different Than Traditional Property Investing In the past, the only way to make reliable money off of a residential investment property was to A) own a single- or multi-family home and B...