Understand your options, features, and costs of a home loan before speaking with a lender, and ensure you will get the best loan for your finances.
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First-Time Buyer
Posted by Patrick Hanan on June 15, 2010
Buying a home can be scary, especially when doing so for the first time. In addition to finding the right neighborhood and home, working with a real estate agent, and signing all the paperwork, you’ll need to take out a loan. Procuring a loan can be a challenge in itself;...
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Home Buying Basics
Posted by Patrick Hanan on June 15, 2010
Buying a home can be one of the biggest challenges of your life. It involves a
lot of time and money, so the decision to buy shouldn't be taken lightly. You'll
need to understand the very basics of buying a home and all of the steps
involved. Once you understand the...
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Home Buying Overview
Posted by Patrick Hanan on June 15, 2010
Buying a home is no simple feat. It is a very long and expensive, not to mention
stressful, process. But before you buy a home, or even start looking, you'll
need to familiarize yourself with the main steps toward home ownership. Follow
the information below, and you'll be...
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Conventional Loans
Posted by Patrick Hanan on June 15, 2010
When looking for a mortgage to buy a home, you'll be met with many options.
There are several different types of mortgage loans available to you – fixed rate, adjustable rate, and balloon mortgages are
just a few of them. Conventional loans are another type. Though it may be...
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Private Mortgage Insurance
Posted by Patrick Hanan on June 15, 2010
Down payments for a new home ideally are around 20% of the total cost of the
home . For many, that is an overwhelming amount of money to have to pay at
once. You might be thinking that, since you can’t shell out that kind of cash,
you’re never going to be able to get a...
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Bad Credit Lending
Posted by Patrick Hanan on June 15, 2010
Bad credit is a problem that many people face. If you have filed for bankruptcy or
been marked for nonpayment (delinquency) on any debt for 60 days of the last two
years or 30 days of the last year, chances are you’re going to have difficulty
securing a standard home loan....
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Home Loan FAQs
Posted by Patrick Hanan on June 15, 2010
Getting a home loan isn’t simple. The complexity of the process means that there
are a lot of different things for you to consider. Out of this, many questions
arise. The following are some of the most common questions, along with a brief
answer for each. For more details...
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Documents You Need to Be Pre-Approved for a Mortgage
Posted by Robert Moreschi on January 6, 2014
Getting pre-approved for a mortgage is the first official step in the lengthy process of finding and buying a home, and it's also one of the most important ones. First-time homebuyers , filled with the excitement of beginning the home buying process, will often enter the bank...
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How to Get Approved for a Mortgage
Posted by Ana M. Ferrer on June 13, 2014
This guide will tell you what to expect before applying for a mortgage and provide tips and information on how to get approved before looking for a home.
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How to Compare Lenders to Find the Best Rate
Posted by Ana M. Ferrer on June 13, 2014
Comparing mortgage lenders doesn't have to be difficult. Read on for tips on what to pay attention to and how to find the mortgage lender that’s right for you.
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Understanding the Mortgage Pre-Approval Process
Posted by Ana M. Ferrer on June 16, 2014
When shopping for your home, being pre-approved for a mortgage can make the entire experience a lot easier. This guide will help you understand the mortgage pre-approval process, making you better prepared when the time comes to sign on the dotted line.
Pre-approved vs....
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How to Improve Your Credit Score to Buy a House
Posted by Nicole La Capria on April 8, 2013
If you're on the market for a new home , a bad credit score can stop your plan it its tracks. While good efforts over time is the only way to significantly improve your credit score, there are many ways to help expedite the process. Read on for tips to increase your chances of...
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How to Calculate a Mortgage Payment
Posted by Staff Writer on September 11, 2018
Determining your mortgage, or monthly house payment, is an important factor in deciding what kind of a house you can actually afford. Mortgages are incredibly common. 65 percent of all homeowners in the US were paying off a mortgage in 2017. You can use our mortgage calculator...