What Is a Home Lien?
What Is a Home Lien? A home lien is a claim or ownership against property used as collateral to repay the mortgage loan. The lender can seize the apartment subject to the lien if the mortgage obligation is not fulfilled. If you borrowed a home loan, then you have a ...
How Much Mortgage Can I Afford? Here’s All You Need To Know
New to the mortgage industry? Do you have this question in mind, "How much mortgage can I afford?" Well, worry no more! You came to the right place. Purchasing a new house is a major decision that entails a slew of smaller ones. When deciding where to reside, many individuals ...
7 Steps To Creating A Will For Your Loved Ones
Creating a will is something no one looks forward to. This is because a huge percentage of people are scared of dying, and everyone assumes they have more time left in life. However, writing a will helps save your loved ones from any misunderstanding that could arise from your death. ...
Understanding the Basics of Credit Scores
Understanding Credit Scores Credit scores are numbers used by mortgagers to determine whether borrowers can repay on time when offered a loan or credit card. Your credit scores are based on your credit history. Furthermore, your FICO score ranges from 300 to 850. A decent credit rating is essential for ...
HELOC: How Does It Affect Your Credit Score?
Homeowners who wish to renovate their homes, subsidize colleges, or pay down bills might consider using their home equity to earn a home equity line of credit. Although HELOC can be a big help when you need to borrow money, it can also put your assets at risk if you ...
Credit Score Requirements to Get a Home Mortgage
Credit Score Requirement to Get a Home Mortgage The lending institution determines the minimal credit score required for mortgage approval. However, the credit score requirement can also depend on the type of mortgage you are seeking. Mortgage loans backed by government programs have strict eligibility standards, including credit history obligations. ...
