Having your mortgage application denied is probably a lot more common than you think. The truth is, there are a wide variety of reasons as to why you might not get approved.
Category: Intro to Mortgages
We all know that building home equity is good, but why? How is home equity helpful? Before we get into why you want to build equity in your home, we need to learn what home equity is.
In 1935, the U.S. Department of Agriculture released a loan program intended to help populate more rural areas. Fast forward to 2019, the USDA loan is still a great way to help finance a home in these rural areas.
One of the most common confusions in the home buying process is the difference between private mortgage insurance and mortgage insurance premium. So what's the difference?
A reverse mortgage is a home loan program for homeowners 62 years of age or older that allows the homeowner to tap into their home equity.
Although a 20% down payment is recommended, it’s not necessarily required. There are options to put down much less, but it may not necessarily be the best decision for you.
An annual percentage rate (APR) is the amount you’ll pay in interest plus extra fees. Essentially, this amounts to the annual price for borrowing money from your lender.
You may think the words pre-qualification and pre-approval can be used interchangeably, but the fact of the matter is these words...
It's easy to forget about the cost of closing on a home. And more often than not, buyers are surprised by how expensive closing costs can be.
Staying on top of your finances is easier said than done. Having a bad credit score can affect your chances of obtaining loans, residence, or credit card benefits.