How Does the Mortgage Process Work?
How Does the Mortgage Process Work? Credit for Beginners by David B. Coulter Share Share Email The vast majority of home buyers purchase their dream home with financing, and that means applying for a mortgage. Don’t believe everything you’ve been warned about, however. The loan application process is more user-friendly, automated and transparent than many […]
Are There Downsides to a Reverse Mortgage?
Are There Downsides to a Reverse Mortgage? Credit Report by Maria Shahid Share Share Email If you’re age 62 or older with lots of equity in your home, you probably already know that there are several ways to get at that money. One option is a reverse mortgage. Some financial advisers will tell you categorically […]
What Does a Mortgage Do to Your Credit Score?
What Does a Mortgage Do to Your Credit Score? Credit Score by David B. Coulter Share Share Email One of the best financial decisions you can make is to purchase a home. Although the recent housing bubble reveals that buying a home can be risky, there are still many benefits to owning your dwelling. Particularly […]
10 Mortgage Terms Every Borrower Needs to Know
10 Mortgage Terms Every Borrower Needs to Know Credit Report by Maria Shahid Share Share Email The first step to joining the nearly 40% of American homes that are now “free and clear” of mortgage debt is to start making the regular monthly payments that lead to financial freedom. If you’re just beginning to navigate […]
What Happens When I Refinance My Mortgage Loan?
What Happens When I Refinance My Mortgage Loan? Credit Cards by John Ulzheimer Share Share Email Think about what’s involved in refinancing your mortgage? It is just about the same as when you applied for the original mortgage. You still have to be able to qualify based on your current financial situation and most lenders […]