Credit scores determined by Credit Karma and FICO can be drastically different. This may affect your mortgage eligibility. Find out how they may be different and why.
Why Is a Mortgage Payoff Higher Than the Current Balance?
Mortgage payoffs are always higher than the current principal balance. This is a quick explanation of why you’ll always pay more to pay your loan off.
Why Are Home Mortgages Sold, Sometimes More Than Once?
Home mortgages are bought and sold on a regular basis. This is a very simplified explanation of why it happens and how it may affect your mortgage.
Who Are the People Involved in a Home Purchase?
A listing of the people involved in a home purchase transaction and a quick overview of their duties. From agents to lenders to title agents and more.
Which Loan Term Should I Choose for My New Mortgage?
There are several options of mortgage loan terms available when purchasing or refinancing. Get help choosing the right one.
What Is Title Insurance and Why Is It Necessary?
Title insurance is required to purchase or refinance a home. Find out what it is, why it is necessary and why you’ll be happy you have it.
What Is Mortgage Insurance and Why Do I Have to Pay It?
The general idea behind mortgage insurance and why it plays an important role in home purchases with lower down payments.
What Is a Good Debt-To-Income (DTI) Ratio for a Home Mortgage?
Overview of the debt-to-income ratio used in mortgages, how it is calculated and acceptable ranges. Find out if your income is enough to qualify for a home.
Which Documents Will I Need to Get a Mortgage?
You’ll need to provide supporting documents when you apply for a mortgage loan and they will typically vary by employment and situation.
How Much Down Payment Do I Need to Buy a House?
Different loan programs require different minimum down payment amounts. Find out how much you would need to put down.