Search results for “Lenders”
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...
What is the Average Down Payment for a House?
Tip #1 Reduce Debt While you save some money for a down payment, you will also need to simultaneously maintain a good credit score. This is very important because it helps your chances of being appr...
How Your Mortgage Rate is Calculated (and What You Can Do About It)
Why Mortgage Rates Matter If you’re like most homebuyers, there are three mortgage factors that probably concern you most: the closing costs, the monthly payment, and the rate. The lower your mortgage...
Buying a Home With Student Loan Debt in 2022
How Do Student Loans Impact Your Finances? Your credit score is one of several factors that lenders look at when evaluating your financial profile for a mortgage. It is determined by how much debt you...
7 Things to Know About Homeowners Insurance in 2022
What is Homeowners Insurance? Homeowners insurance is a type of property coverage designed to protect the homeowner, mortgage lender, occupants, and even your family’s belongings against a number of u...
Mortgage Rates Not Impressed by Market Volatility
Mortgage rates are based on mortgage-backed securities (MBS), which are essentially bonds. Conventional wisdom holds that stocks and bonds supplement one another, and that as "money moves in" to one ...
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...
Bad Credit: Common Misconceptions Regarding Mortgage Loans
What is the connection between a person's FICO credit score and his or her ability to get a mortgage? This is a common question for any prospective homeowner to ask, no matter what level of credit tha...
Maximize Your Veteran Benefits by Exploring VA Loans
If you're eligible for veteran's benefits, you have access to a specialized class of home loan that may help your dreams of homeownership come true. The Department of Veterans Affairs guarantees loans...