Category: Mortgage

Home Mortgage
What Is The Purpose Of A 1003 Mortgage Application Form?
Post

What Is The Purpose Of A 1003 Mortgage Application Form?

If you have ever applied for a mortgage before, odds are you’ve heard about or even completed the 1003 mortgage application form. But if you haven’t, you can learn all you need to know about the purpose of a 1003 mortgage application form and how to fill in the form appropriately. What’s A 1003 Mortgage...

Key Facts About Subprime Mortgages You Should Be Aware Of
Post

Key Facts About Subprime Mortgages You Should Be Aware Of

Your credit report and ultimately your credit rating is one of the key things lenders look at to figure out if you’re credit worthy or not. Potential borrowers with high credit ratings are easily approved for mortgages because they are considered to be creditworthy and they pose less risk to lenders. As such, they get...

A Beginner’s Guide To Dry Loans
Post

A Beginner’s Guide To Dry Loans

If you’re researching about loans and mortgages, the several types that will pop up every now and then can make both terms seems endless with options. There are tons of mortgages and loans out there and you only have to find the right one that suits your needs to get stated. While some types of...

Biggest Mortgage Mistakes Homeowners Make And How To Avoid Them
Post

Biggest Mortgage Mistakes Homeowners Make And How To Avoid Them

What’s the biggest mortgage mistake you can make as a homeowner?   Some years ago, from 2007 – 2009 precisely, as a result of the financial crisis in the U.S., the economy was in a bad shape due to a mortgage foreclosure problem. Homeowners across the country had a tough time paying their mortgages. During...

What Everyone Should Know About Fannie Mae Loans
Post

What Everyone Should Know About Fannie Mae Loans

Officially recognized as the Federal National Mortgage Association or FNMA, Fannie Mae is a publicly traded business entity which carries out its operations under Congressional charter because it’s a government-sponsored enterprise otherwise referred to as a GSE. Fannie Mae was established to encourage homeownership and increase mortgage money liquidity by establishing a second market.    ...

A Quick Guide To LendingTree Mortgage
Post

A Quick Guide To LendingTree Mortgage

There are several different mortgage options at your disposal when you’re shopping to buy a home. Sometimes, you may assume that your options are limited. But in most cases, mortgage shoppers have more options than they realize. Since a mortgage is one of the key things you’ll have to consider before buying a home, it...

Three Key Mortgage Terms That Are Worth Your Time And Money
Post

Three Key Mortgage Terms That Are Worth Your Time And Money

While you’re shopping for a mortgage loan you will come across several different mortgage options. Regardless of how vast your knowledge base may be about the mortgage industry, odds are you’ll come across several terms that could throw you off balance, except if you’re an expert.   The key is to learn as much as...

What Are The Pros And Cons Of FHA Loans?
Post

What Are The Pros And Cons Of FHA Loans?

An FHA loan is a government-supported mortgage loan that is insured by the United States Federal Housing Administration (FHA). These loans were created to help low-income borrowers and homebuyers with bad credit and poor credit scores in their efforts to buy a home. This is why FHA loans permit a down payment that is as...

Significant Things To Consider Before Buying Your First Home
Post

Significant Things To Consider Before Buying Your First Home

What are the things to consider before buying your first home? Statista disclosed that over 15 million residential properties were purchased in the United States within 2016 – 2018. About 50% of those home buyers (that’s 7.5 million people) say they regret buying their homes, according to a Trulia study. That same study further disclosed...

How To Buy A Home In 10 Easy Steps
Post

How To Buy A Home In 10 Easy Steps

The home buying process often seems like a never ending maze for many first time home buyers. Buying a home is not rocket science! There are millions of homeowners across the country and you too can buy a home. Regardless of what you think or assume about buying a home, these 10 easy steps will...

A First-time Homebuyer’s Guide To Types of Mortgages
Post

A First-time Homebuyer’s Guide To Types of Mortgages

How to get a mortgage and the type of mortgage to opt for are some of the key things you’ll have to sort out when you’re looking to buy your first home. You shouldn’t end up with the wrong type of mortgage just because you couldn’t tell the difference or because your agent recommended one...

Strategic Tips On How To Get Preapproved For A Mortgage
Post

Strategic Tips On How To Get Preapproved For A Mortgage

One of the key questions every first time homebuyer always ask is “How exactly can I get preapproved for a mortgage?” Honestly, getting pre-approved for a mortgage is easy – if you know what it takes! How to get pre-approved for a mortgage This article will help you put the right foot forward on what...