When you get a mortgage, there are three important terms for you to remember. Interest Rates Points APR I’ve combined these three terms here because they’re related, and you’ll understand them better if I explain them together. Interest Rate: “Interest Rates” are the price that Lenders charge for the use...
Lenders approve loans based on their impression of your ability and INTENT to pay it back. To figure this out, they look at five things: creditworthiness, income, job longevity, job stability, and future income prospects. We’ll tell you how to make sure you look good in each of these things,...
Say you started the home buying process backwards and started LOOKING at homes before you pre-qualified yourself for a loan. Now you’ve found that none of the homes in your price range will measure up. What do you do? Short of robbing a bank, there are four things you can...
Many people are involved in the home buying process. These professionals have based their careers on helping you find and purchase the home of your dreams. But do you really know just what they do for you? Real Estate Consultant The first person you’ll probably become involved with when you...
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