When you are shopping for mortgages, you may come across the term “conforming loan.” Is that something different than a conventional loan? Does this matter to you as a borrower? Here’s a quick explanation of...
When you are shopping for mortgages, you may come across the term “conforming loan.” Is that something different than a conventional loan? Does this matter to you as a borrower? Here’s a quick explanation of...
Foreclosure was likely the farthest thing from your mind the day you closed on your home. But sometimes, life circumstances intervene and leave you unable to pay your mortgage. Fortunately, there are steps you can...
Buyers generally must get a mortgage loan to buy a house. Wise buyers include a mortgage loan contingency clause in the sales contract with the seller to protect themselves should they be unable to get...
Special financial assistance is available for teachers seeking to buy a first home, refinance a home, or even repair an old home or add energy-saving improvements. This help translates to potentially lower closing costs and...
One of the most important steps in the home-shopping process is for buyers to have an initial assessment of their ability to get a mortgage. As a buyer, already having a mortgage preapproval letter from...
In times of financial distress, some homeowners can seek relief from monthly payments through mortgage forbearance programs. These programs can be helpful during rough times, but they must be handled with care. Let’s take a...
Getting your first home mortgage can be intimidating. Let’s eliminate fear of the unknown by answering some common questions. Q: Can I get a mortgage even though I have bad credit? Yes, though you’ll get...
The loan processor you work with when you apply for a mortgage isn’t the person who decides whether you qualify for a loan. That power lies with the mortgage underwriter. How do underwriters decide whether...
The mortgage approval process can be stressful for anyone, but self-employed people encounter an extra measure of scrutiny. You may have succeeded in pursuing the American dream of owning a business only to find that...
Most consumers know about identity theft and have adopted safe practices for dealing with their personal information. But did you know thieves can steal the title to your property? Property title theft could happen right...
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