Tag: Mortgage

Posted on 06/12/2022
Options for Veteran Mortgage Relief to Consider
If you have a VA loan, the U.S. government has options in place to assist you in case of financial hardship. There are multiple programs available to help you avoid late payments and foreclosure if your mortgage meets eligibility. Here are the major veteran mortgage relief options to know: Refund Modification A refund modification affects the principal and...
Mortgage
Mortgage
+ 4 more
Read More
Posted on 04/03/2022
How Sellers Can Benefit From Land Contracts
A land contract is a type of seller financing that has many benefits both for buyer and seller. In a land contract, the seller provides credit instead of a lender or bank. The buyer makes their regular payments to the seller directly. Once the total price is paid in full, the seller gives the buyer the title to...
Home Seller
Home Seller
+ 8 more
Read More
Posted on 07/18/2021
3 Ways to Prepare Your Credit Before House Hunting
Shopping for a new home should be an exciting experience, but if you are unsure of where you stand with your credit, it can be a little nerve-wracking. Having good credit will not only help you secure more favorable interest rates for your mortgage, but it can also help you avoid less favorable loan structures, higher down payments...
Credit
Credit
+ 5 more
Read More
Posted on 06/27/2021
Navigating the Mortgage Pre-Approval Process
Buying your first home can be stressful enough without worrying about whether your mortgage loan pre-approval is going to go through. That’s why it’s such a good idea to know the requirements before you narrow down your home search. Here are the top items your mortgage broker or lender will need in order to pre-approve you for a...
First Time
First Time
+ 7 more
Read More
Posted on 02/28/2021
What are the Benefits of Pre-Approval for a Mortgage ?
Photo by Clker-Free-Vector-Images via Pixabay A mortgage pre-approval can be a valuable tool for understanding how much you can afford to spend on purchasing a home. It can also make you seem much more attractive to sellers and help to identify any potential problems that may make it difficult to get a loan. In fact, many lenders claim...
Mortgage
Buying A Home
+ 1 more
Read More
Posted on 01/10/2021
Benefits of Financing Your Mortgage through a Credit Union
Image by annca from Pixabay You’ve finally found the perfect home. It’s got the number of bedrooms you wanted, a spacious kitchen, updated bathrooms, and even a beautiful vegetable garden out back. Now comes the tricky part—how to pay for it. Numerous home buyers find financing their mortgages through a credit union to be a good option. According...
Financing
Mortgage
+ 1 more
Read More
Posted on 10/04/2020
How Your Credit Score Affects Your Monthly Payment
Image by Tierra Mallorca from Unsplash One of the most important things to check once you decide to start the home-buying process is your credit score. The three major credit bureaus keep track of how you pay for your credit and how much credit you have. Your score fluctuates, sometimes daily, depending on how much you owe and...
Credit Score
Mortgage
+ 1 more
Read More
Posted on 04/26/2020
Should You Finance with a Mortgage Lender? Pros & Cons
Photo by Helloquence on Unsplash When financing a home purchase, one of the most basic decisions to make is where to get your mortgage from. The basic options are whether you should go to a mortgage lender or not. Financing with a mortgage lender has both pros and cons. Pro: Many Loan Options If you go to a...
Mortgage
Lending
+ 1 more
Read More
Posted on 04/05/2019
How Will Applying for a Mortgage Affect My Credit?
Preparing to buy a home is a long and stressful process for many. You’ve spent months, or even years, saving for a down payment, planning your future, and building your credit to ensure you get the best possible interest rate on your loan. Then you find out, when getting preapproved for a mortgage, that your credit score dropped by...
Mortgage
Credit Score
Read More