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...

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...

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...

Mortgage 101: Lingo You Need to Know

However, taking out a mortgage is not exactly a simple, or easy-to-understand, process. If you’re not well-versed in the loan lingo, you might not realize what you’re getting yourself into…and that co...

How Important is Credit in the Mortgage Application Process?

Your Credit History Your credit report is a representation of your last seven years of financial activity. It shows lenders how you have managed past accounts and how you are currently handling debt. ...

What You Need to Know About the 20% Down Payment Myth

How Low Can You Go? Once upon a time, saving for a 20% down payment was an expected part of buying a home. However, the introduction of the FHA mortgage in the 1930s did away with this hefty savings r...

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...

Is Now a Good Time to Get an Adjustable-Rate Mortgage?

Are you questioning whether now is a good time to buy? Before you write off your homeownership dreams, know that an adjustable-rate mortgage (ARM) could be the home buying strategy that gets you in yo...