MISTAKE #1: Over shopping your loan Your credit score is based on the perceived risk associated with extending you credit. Over the years, the credit reporting agencies have determined that a borrower who seeks credit from many different lenders is riskier than others. Therefore, they decrease your credit score each…

Must-Ask Questions When You Get Your Mortgage Whether you're buying a house or refinancing, there is more to a mortgage than the rate. Here are eight questions to ask while mortgage shopping. You'll have to ask yourself some of these questions; others can only be answered by mortgage professionals and…

Young families are now living their dreams thanks to a range of home loans designed especially for them.  Gone are the days when bad credit or lack of funds meant you can’t obtain a home loan to purchase the home of your dreams.  While these factors may have been insurmountable factors in…

Best homeowner loans help  a borrower to borrow funds against the home. Homeowner loans are secured loans which are offered to homeowners only. A homeowner loan will help you encash the equity in the home. Equity is defined as the value of the property after deducting liens and mortgages. You are…

You’ve lived in your home for some time and circumstances such as an expanding family mean you need a new one. This brings up the subject of bridge loans. From Here to There You have two basic options when you are considering selling one home to move to another. The…

As you apply for a home loan or look to refinance your home, it is important to understand your situation and how it will be affected by the type of loan that you will be applying for. But first, it is important to find out why you need the loan.…