Mortgage Glossary Terms
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Deciding to buy a new home is exhilarating! That doesn’t mean it doesn’t come without its challenges of course. One of the most intimidating hurdles that buyers have to go through is the home loan application process. While most buyers find some comfort completing applications in-person with their bank or broker, online home loan applications
Millennial Home Buying – Bucking the Trends Stereotypes have targeted all generations in recent American history, and the Millennial generation is no exception. Millennials, defined as people born after 1980, are frequently thought of as a coddled, soft generation of lazy people who lack a strong work ethic. There have even been accusations that Millennials
Refinancing is the process of obtaining a new mortgage to reduce mortgage payments, lower your loan term, and/or cash out some equity from your home. Lenders look at various factors before refinancing your mortgage. Rates are now at or near the lowest they have ever been – so it is a great time to refinance.
If you’re looking to fulfill your dream of buying a home you’ll want to keep an eye on your credit history to make sure there are no errors on your credit report. So, should you take advantage of a free credit report offer? Yes, and no. Generally we don’t recommend that people participate in offers
If you’re setting your sights on achieving your dream of owning a home, you will want to pay close attention to your credit history and credit score. One mark that potential home buyers may find on their credit report is “derogatory credit.” What is Derogatory Credit? In short, derogatory credit is not good. Not good