When you buy a home, you have different types of protection you must buy. You are probably familiar with homeowner’s insurance and maybe even flood insurance. But, did you know that you must also buy title insurance? Compare Offers from Several Mortgage Lenders. Did you also know that just like shopping for homeowner’s insurance, you can shop around for a title company as … [Read more...] about Can You Pick Your Own Title Company?
Loan Process
Is it Possible to get a Mortgage on Bank Statements Alone?
Do you have irregular income or maybe you don’t work at all, but you know that you could afford a mortgage? You probably won’t be able to qualify for a traditional mortgage if you don’t have W-2s or tax returns for a lender to confirm your income, but you may be able to get away by just using your bank statements. Looking for Current Mortgage Interest Rates? Click Here. While … [Read more...] about Is it Possible to get a Mortgage on Bank Statements Alone?
When Will Your New Mortgage Show on Your Credit Report?
If you have a new mortgage, you are probably anxious for it to show up on your credit report. Housing debt can have a positive impact on your credit score, especially as you start making payments on time. Many lenders look at your housing debt as an indication of your level of financial responsibility. Get Matched with a Lender, Click Here. Unfortunately, your new … [Read more...] about When Will Your New Mortgage Show on Your Credit Report?
How Much will my Title Insurance Policy Cost?
Buying a home means paying a whole slew of fees, especially if you secure mortgage financing. You’ll have the fees charged by the lender, of course. But, you’ll also pay third-party fees, including those charged by the title company. One fee you’ll see on your closing statement is the ‘title search fee.’ Get Matched with a Lender, Click Here. Keep reading to learn what this … [Read more...] about How Much will my Title Insurance Policy Cost?
How to Ensure you Close Faster on your Home Loan
A loan can take anywhere from 4 to 6 weeks from start to finish. What if you need to close faster? There are ways to make it happen. Some of it lies on your shoulders. Other factors lie on third parties, including the seller, if you are buying a home. The seller controls when the appraisal is completed and the appraiser controls how long the report takes. Title work may also … [Read more...] about How to Ensure you Close Faster on your Home Loan