11,Aug,2022
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In financial terms, an LTV, or loan to value ratio, is a comparison between the size of a loan and the value of the asset being purchased. This can be calculated for any large purchase that requires a loan, including buying a home. It’s often used by lenders to determine …
How Credit Inquiries Affect Your Credit Score
28,Jul,2022
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Window shopping can be a lot of fun, but when it comes to credit cards, mortgages, and other loans, potential homebuyers will want to make sure they understand credit inquiries and how shopping around can impact the potential to obtain a mortgage or the interest rate they’ll receive. Before shopping …
Using a Home Equity Loan to Pay Off Your Mortgage?
02,Feb,2022
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A home equity loan is a loan that is secured using the equity in the home. This can be used for just about anything, such as for repairs or to pay off debt. You can also use it to pay off the remaining balance of your mortgage. This is usually …
Government-Backed Mortgages Explained: What You Need to Know
26,Jan,2022
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There are many different types of mortgages to choose from when it comes to homeownership. Today, many homeowners will opt for a government-backed mortgage because of the many benefits they provide. In addition, these loans are secured by a federal agency, making them easier to be approved. First, however, homebuyers …
Why Pastors Love Us
05,Jan,2022
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Now that the winter holidays have wrapped up (pun intended), many families come together in January and plan their finances for the next year. Pastors, in particular, have a hard time with financing major purchases like a home due to the complexity of their income. Not many know this but …