You probably already know that a mortgage is a type of loan that you use to buy a home. It’s a good idea to learn as much as you can about getting a mortgage before you start shopping for a home. Let’s take a look at what the mortgage process looks like when you apply for a […]
When funding your mortgage loan, a mortgage lender makes a judgement on your qualifications before taking a calculated risk. In exchange for giving you a mortgage to buy or refinance a home, lenders charge a variety of fees so that they can make money to provide more home financing to others. One of these fees is a mortgage origination fee.
Are you ready to make the jump from renting a home or apartment to owning a home? The first step is applying for a mortgage, but how can you tell ahead of time if you’ll qualify?
We’ll introduce you to some of the factors that lenders look at when they consider mortgage applications. We’ll also share a few tips to make your application stronger.