How Long Does Pre-Approval for a Mortgage Last?
Introduction: Thinking of a mortgage pre-approval? Do you want to confirm your creditworthiness without having a purchase contract in place? Do you want to get your mortgage pre-approved, but you don’t have a clue about how long it lasts and what benefit it offers? Then keep on reading for details ...
Mortgage Payment: How Do You Calculate It
What is a Mortgage Payment, and How is it Calculated? Is the mortgage payment troubling you? Do you want to know how you can pay off your loan with ease and convenience? The question about "How do you calculate mortgage payments?" lingers in your mind. If yes, then you're on ...
Purchase Mortgage or a Purchase-Money Mortgage?
Did you know that there's a name for the market where loans for new home purchases are particularly handled? It is known as the purchase mortgage market. If you are about to take a step towards purchasing a new mortgage, it will be worth your time to get familiar with ...
Mortgage Lenders Are Making Money: Let’s Know How They Do It
It's a universal fact that there are two parties in a transaction. Just like that, mortgage lenders are also parties in a mortgage loan contract. Mortgage lenders include financial institutions or private lenders who underwrite home loans for you. A mortgage lender might be a very promising profession; we'll see ...
Do You Need a New Mortgage Company?
Taking a mortgage comes with a lot of thinking and self-assessment. But when you get a good agent, do you stick to them for life or jump based on price rates? Saving money on a mortgage company is a big deal for so many people. But it is difficult to ...
What Is the Down Payment of a House Worth $300,000?
Your mortgage loan will determine what type of down payment of a house you will need for yourself. On a $300,000 mortgage, the following are the minimum down payment of a house one has to consider. Veterans Administration (VA) $0 (0%): Only accessible to service members and veterans who have ...
