Where Does the Money Come From for Mortgage Loans?
In the olden days, when someone wanted a home loan, they walked downtown to the neighborhood bank or savings & loan. If the bank had...
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Resources
Types of Mortgage Lenders
Mortgage Bankers Mortgage Bankers are lenders that are large enough to originate loans and create pools of loans, which are then sold...
WHAT'S A FICO®?
What is a FICO® Score? FICO® stands for Fair Isaac & Company and is the name for the most well known credit scoring system, used by...
Your Savings and Down Payment
Your First Step Toward Buying a Home When preparing to buy a home, the first thing many homebuyers do is look at the real estate ads in...
The Advantages of Different Types of Mortgage Lenders
What kind of lender is best? If you ask a loan officer, “What kind of lender is best?” the answer will be whatever kind of company he...
The Biweekly Mortgage - Who Needs It?
Have you received an advertisement offering to save you thousands of dollars on your thirty-year mortgage and cut years off your...
Which ARM is the Best Alternative?
How would you like a mortgage loan where you did not have to make the whole payment if you did not want to? Or would you like a loan with...
Items You Need When Applying For a Loan
It used to be that lenders mailed out verifications to employers, banks, mortgage companies, and so on, in order to verify the data...
Land Contract
An alternative to a non-conforming loan is the use of a land contract, which is allowed in some states. A land contract is an agreement...
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