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29,Oct,2018
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While a 20% down payment is still the standard option, there are other options to consider. Potential homeowners should make sure they look through each of their options carefully before making any decision on which mortgage is right for them. This gives them the opportunity to make sure they’re making …
How Can You Understand the Difference Between Interest Rate and APR?
19,Oct,2018
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Understanding the difference between interest rate and APR is crucial for individuals who are attempting to obtain a home loan. When someone is attempting to obtain a mortgage loan, fully understanding the mortgage interest rate and APR will prevent a person from pursuing loan terms that will not be beneficial …
What to Ask Your Lender Before Choosing Them for a Mortgage
27,Sep,2018
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Choosing the right mortgage lender is crucial. The right lender offers a better deal, can make obtaining a mortgage much easier, and is going to make the whole process of finding and buying a home faster. It’s a good idea to speak with at least three different lenders before making …
What is a Loan Officer, and What Do They Do?
21,Sep,2018
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What is a loan officer? The answer to that question is a bit more complex than most people believe. Today’s loan officers are representatives of credit unions, banks, and other financial institutions, and it’s their job to help borrowers find and acquire home loans. A loan officer may work with …
Tips on How to Improve Your Credit Before Buying a Home
20,Aug,2018
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Now more than ever, it is important for potential home buyers to prepare their credit for the mortgage application process. Cleaning up a credit report and increasing their credit score will improve a buyer’s chances of a loan approval. For those who already have great credit, maintenance is key to …