Many people don’t recognize how much their credit score affects their mortgage. Not only does it determine whom the lender will approve, but it also affects your monthly mortgage payment.
How Does Mortgage Scoring Really Work?
Most mortgage lende...
Determining what a mortgage payment includes is often difficult. This is especially true for new homeowners. Although each lender may have different collection practices for obtaining the monthly obligation, the composition of the payment is standard...
Stability is key when purchasing a home through a mortgage loan. All lenders are going to focus highly on whether or not you have a good financial track record when they are deciding if they are going to approve your loan. This doesn’t just involve s...
When homebuyers begin to think about mortgages, invariably they get around to discussing "points", and whether or not to pay them on their mortgage. To make a wise decision, they need to gain an understanding of what points are and how they affect ra...
Life insurance provides financial assistance for your family after your death. With it, your family can pay your final expenses, repay debt or save for college. It's also beneficial for repaying the mortgage, which allows your family to stay in their...