Search results for “Line of Credit”
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 government agency noted that when setting up a HELOC, homeowners typically have to pay an appraisal fee, application fee and potentially a percentage point of the credit limit up front. As with no...
10 Questions for the First Meeting With Your Loan Officer
They will walk you through every step of the home loan process, from applying and submitting financial documents to closing on your home purchase, and even repaying the mortgage. But before you ever s...
The Comeback Is Always Greater Than The Setback
5 Reasons Why Your Home Purchase Offer Was Rejected To understand what could happen, or to learn more about why it may have already happened to you, let’s run through some of the common reasons why ...
Mortgage Loan Types, Credit Score, and more: 5 Tips to Get the Best Mortgage Rate
Consider a Fixed-Rate Mortgage Fixed-rate mortgages are the most common loan option among borrowers. The rate stays the same throughout the life of the loan, meaning the monthly mortgage payment does...
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 ...
5 Common Money Mistakes to Avoid in 2023
Not Having a Safety Net One of the biggest financial hurdles you may encounter is living from one paycheck to the next. This practice is all-too-common, but that doesn’t mean it won’t set you up for f...
Smart Series: What You Need to Know About Our Non-Qualified Mortgages
What is a Non-Qualified Mortgage (Non-QM Mortgage)? Simply put, non-qualified mortgages = non-traditional borrower options. Non-qualified mortgages (non-QMs) are ideal financing solutions for borrower...
Non-Qualified Mortgages for First-Time Homebuyers: A More Flexible Loan Option
Non-qualified mortgages are opening the door to homeownership for a variety of homebuyers – even first-time homebuyers. Non-qualified mortgages are non-traditional mortgages with more lenient qualifyi...