Search results for “Line of Credit”


Your credit score and how it differs from your credit report
August 23, 2021

Your credit score and how it differs from your credit report

What is your credit report? A credit report is an extensive record of your financial history and how you’ve handled the obligation to repay your loans. Depending on how long you’ve been attached to li...


What does a HELOC entail?
January 27, 2021

What does a HELOC entail?

The government agency noted that when setting up a HELOC, homeowners typically have to pay an appraisal fee, application fee and potentially a percentage point of the credit limit up front. As with no...


10 Questions for the First Meeting With Your Loan Officer
May 10, 2021

10 Questions for the First Meeting With Your Loan Officer

They will walk you through every step of the home loan process, from applying and submitting financial documents to closing on your home purchase, and even repaying the mortgage. But before you ever s...


Comparing the Home Equity Line of Credit (HELOC) & Cash-Out Refinance
December 13, 2021

Comparing the Home Equity Line of Credit (HELOC) & Cash-Out Refinance

Start with Your Home’s Equity Simply put, home equity is the market value of your home. The amount of equity you’ve built throughout the repayment period of your loan is determined by taking the appra...


The Comeback Is Always Greater Than The Setback
June 21, 2021

The Comeback Is Always Greater Than The Setback

5 Reasons Why Your Home Purchase Offer Was Rejected To understand what could happen, or to learn more about why it may have already happened to you, let’s run through some of the common reasons why ...


Mortgage Loan Types, Credit Score, and more: 5 Tips to Get the Best Mortgage Rate
November 26, 2021

Mortgage Loan Types, Credit Score, and more: 5 Tips to Get the Best Mortgage Rate

Consider a Fixed-Rate Mortgage Fixed-rate mortgages are the most common loan option among borrowers. The rate stays the same throughout the life of the loan, meaning the monthly mortgage payment does...


How Does Mortgage Interest Work?
February 18, 2022

How Does Mortgage Interest Work?

Here is How Your Mortgage Is Calculated Amortization Mortgages are repaid with amortization. This is an established installment loan repayment schedule that includes your overall monthly payment and ...


Can You Buy a House with No Money Down?
January 13, 2022

Can You Buy a House with No Money Down?

  Zero Down Option #1: The USDA Home Loan What is a USDA Loan? The U.S. Department of Agriculture offers a 100% financing mortgage. The program is also technically called a Section 502 mortgage, h...


The 2022 Guide to the VA Loan
January 10, 2022

The 2022 Guide to the VA Loan

Service Requirements for a VA Loan To find an in-depth explanation of the eligibility requirements for VA home loan programs, check out the U.S. Department of Veterans Affairs. You can find an abbrevi...