About the Author: Maxine Dupont
Appraisal Contingency: What is It and How Does It Work?
What is an Appraisal Contingency? An appraisal contingency protects homeowners from overpaying for a property in an unstable market. This clause is included in the purchase agreement, and the buyer has the right to withdraw from the transaction if the house's appraisal value is lower than the sales price. When ...
New Mortgage Refinances Option for Low-Income Families
New Mortgage Refinance Option for Low-Income Families If you own a house, there's a new mortgage refinances options by government funding programs that can help you benefit from low-interest rates. The Federal Housing Finance Agency stated that Freddie Mac and Fannie Mae would provide low-income homeowners with a new mortgage ...
Fannie Mae and Freddie Mac Loans: How Do They Work?
How Do Fannie Mae and Freddie Mac Loans Work? You may come across many unfamiliar terms when shopping for a home mortgage. Typically, you will encounter two terms: Fannie Mae and Freddie Mac. But what are Fannie Mae and Freddie Mac, and what do they have to do with home ...
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 ...
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. ...
