Mortgage Loan Approval Basics: What Your Lender Wishes You Knew


When you've decided that it's time to become a homeowner for the first time, you need to start with securing the financing for that home. Mortgage loan approvals require an extensive application and underwriting process, and for those who have never been through it before, you may be confused or unsure where to start. Here are some of the things that your mortgage broker wishes you knew before you even started pursuing financing for your loan.

12 April 2022

Top Things To Know About Taking Out A Signature Loan


If you're in need of funds, then you could be thinking about taking out a loan. There are various loan products available for those who are short on cash, including a signature loan. If it's your first time hearing about these loans, but if you're interested in hopefully getting one, then these are some of the top things you'll want to know. It's an Unsecured Loan  First of all, signature loans are unsecured loans.

11 March 2022

Should You Get A 30 Year Or 15 Year Mortgage?


Do you need to secure financing for a home, and you've reached the point where you need to decide on a 15 year or a 30 year mortgage? If so, it may help to know the following things about these real estate loan lending options to choose from: Why Get A 30 Year Mortgage  The biggest advantage to getting a 30 year mortgage is that it is going to have the lowest monthly payment possible.

22 February 2022

Buying A Home For Rental Purposes? What To Know About Financing Options


Are you looking to buy a home for the purpose of renting it out for additional income? If so, know that the process of getting a loan is a bit different than what it was for your primary residence. Here is what you need to know about investment property loans. Conventional Loans Any loan that is considered a conventional loan means that it can be bought by Fannie Mae and Freddie Mac.

20 January 2022