The concept of a mortgage, in its modern form, is relatively recent, dating to the early-20th century or thereabouts, and has evolved into an industry replete with many online mortgage companies. But the financial instrument underlying the mortgage concept is itself...
Do student loans affect getting a mortgage? Of course they do. Lenders take all of your debts into account as they evaluate your ability to repay a mortgage loan. Student loans are no exception. Getting a mortgage with student loans is not easy. You must use common...
New homebuyers find their vocabularies expanding when they start shopping for a mortgage. You may already be familiar with terms like “APR” and “credit score.” Both of these will come into play when you look for a loan, as will your debt-to-income ratio. What is...
If you dream of buying a home but have less-than-perfect credit, don’t despair. Credit repair’s not rocket science, all you have to do is follow these 10 simple steps. Get your credit score. Find negative items on your credit report. Check your credit...
You’re all set to buy a house, but what kind of mortgage is right for you? For some, a conventional loan’s the way to go. For others, an FHA loan may be a better bet. You can get either kind of loan from a bank or credit union, but FHA loans are insured by...
Lots of people dream of home ownership But when it comes down to it, most of us only have a fuzzy idea about how to buy a home. The terms can be confusing: Down payment, APR vs. interest rates, no money down… How do people qualify for home loans? How much do...
