A mortgage is a long-term loan that helps you finance the purchase of a home. Obtaining a mortgage is a major financial obligation, so it is essential to be familiar with your lender's requirements before submitting a loan application. This article will discuss what your mortgage lender needs to know. Income and Employment Information Your mortgage lender will want to know … [Read more...] about Things Your Mortgage Lender Needs To Know
Divorce & Mortgages: 4 Things To Know
When it comes to divorce, one of the biggest financial concerns is what happens to the family home and the mortgage that goes with it. Here are four essential things to know about divorce and mortgages: Joint Liability Does Not End with a Divorce Just because you get divorced doesn't mean your joint liability for the mortgage ends. If both spouses are listed on the mortgage, … [Read more...] about Divorce & Mortgages: 4 Things To Know
Wells Fargo Home Equity Review
Wells Fargo is one of the largest banks in the United States, and it offers its customers a wide range of financial products and services. One of these products is home equity loans, which can be a valuable tool for homeowners who need to access the equity in their homes to pay for major expenses such as home improvements, college tuition, or debt consolidation. This article … [Read more...] about Wells Fargo Home Equity Review
Mortgage Down Payments Options
Buying a home is a significant investment that often requires substantial money upfront, especially with the current trend of escalating real estate prices. A mortgage downpayment, a percentage of the home's purchase price paid in advance to the lender, is a crucial aspect of the home-buying process. As a prospective homebuyer, you may need help accumulating enough funds for a … [Read more...] about Mortgage Down Payments Options
US Bank Home Mortgage
US Bank Home Mortgage offers government-backed loans, such as FHA and VA. These loans are designed to help customers who may not qualify for traditional loans due to lower credit scores or lack of down payment funds. FHA loans require a minimum down payment of 3.5%, while VA loans do not require a down payment at all. In addition to traditional home loans, US Bank Home … [Read more...] about US Bank Home Mortgage