In the olden days, when someone wanted a home loan they walked downtown to the neighborhood bank or savings & loan. If the bank had

Have you received an advertisement offering to save you thousands of dollars on your thirty-year mortgage and cut years off your payments? With email spam

An alternative to a non-conforming loan is the use of a land contract, which is allowed in some states. A land contract is an agreement

There really is no such thing as a no-cost mortgage loan. There are always costs, such as appraisal fees, escrow fees, title insurance fees, document

How would you like a mortgage loan where you did not have to make the whole payment if you did not want to? Or would

What kind of lender is best? If you ask a loan officer, “What kind of lender is best?” the answer will be whatever kind of

What is a FICO® Score? FICO® stands for Fair Isaac & Company and is the name for the most well known credit scoring system, used

Mortgage Bankers Mortgage Bankers are lenders that are large enough to originate loans and create pools of loans, which are then sold directly to Fannie

An adjustable rate mortgage (ARM) has an interest rate that fluctuates periodically. This is in contrast to a fixed rate mortgage, which always has the

Now that you know what an ARM is and how it works, you may be wondering what the advantages and disadvantages are. So let’s explore

This is a detailed summary of costs you may have to pay when you buy or refinance your home. They are listed in the order

When buying a home, it is not enough to just come up with the money. With the exception of no asset verification loans, lenders want

When you apply for a mortgage loan, you expect your lender to pull a credit report and look at whether you’ve made your payments on

Years ago, credit scoring had little to do with mortgage lending. When reviewing the credit worthiness of a borrower, an underwriter would make a subjective

Have These Items Ready When You Apply For a Loan It used to be that lenders mailed out verifications to employers, banks, mortgage companies, and

Your First Step Toward Buying a Home When preparing to buy a home, the first thing many homebuyers do is look at the real estate