What is a Mortgage? A mortgage is an agreement that allows you to borrow money from a bank or similar organization by offering something of value, especially in order to buy a house or apartment, or the amount of money
Facts About FHA Loans
What are Federal Housing Administration (FHA) home loans? FHA mortgages are loans for borrowers who have a steady income, but not the 20% cash on hand for the down payment required by some other loan programs. [Glossary] How do FHA
Real Estate Transaction: Who Pays for What, Buyer or Seller?
This chart shows what things each party (buyer or seller) is expected to pay in a typical real estate transaction: Seller Buyer Real estate commission Document preparation fee for deed Document transfer tax, if any Payoff of all loans in
How to Stay Pre-approved for a Mortgage
Income Do not make changes to your income sources, including: Losing a rent paying tenant Decreasing your work hours Receive less tips/wages Change jobs Marital Status Address any changes to your marital status at the beginning of the process. AssetsBe
6 Steps to Get Pre-approved for a Mortgage
Before you go home hunting, consider getting yourself pre-approved for a mortgage. Here are six steps towards getting pre-approved. If you have no credit, bad credit, or a lower than desireable credit score, see How to Improve Your Credit Score.