A mortgage is a type of long-term loan you can use to help buy a house, flat or another type of property. In simple terms, it's an agreement between a lender and borrower, secured on a property. When buying a new home, most people don’t pay for it all in one go. Mortgages l...
Check out ourfirst-time homebuyer resourcesfor more information or contact one of our home mortgage consultants to help find the mortgage solution that works best for your needs. When is the best time to buy a home?When is the best time to buy a home?
Refinancing a mortgage replaces your home loan with a new one. A refinance to a better interest rate can lower your monthly mortgage payments.
And are there different types of refinancing? Let’s explore mortgage refinancing to help you better understand your options. What does it mean to refinance a mortgage? A mortgage refinance involves switching your old mortgage to a new one, usually with different rates and terms, that's ideally...
You can deposit a check online using a mobile device. Learn more about the preliminary steps to take before doing so, and how depositing a check online works.
A Notice of Default could show up on your credit report and affect your score. This can make it more challenging to get other types of credit or refinance your mortgage. Once you’ve received a Notice of Default, you need to act swiftly to avoid foreclosure proceedings.“Do not let this...
I bought my first home at age 26. Now I've written a definitive guide on how to buy a house, and the most important terms and FAQs.
Is now the right time for your mortgage refinance? Whether you want to take advantage of a lower interest rate or shorten your loan term, find out when it’s worth it to refinance your mortgage. Ramsey Solutions Home BuyingSave What Is an Underwater Mortgage and What Are Your Options?
What is a second mortgage?Most people think of mortgages as loans to buy a home. But once you become an owner, you can continue to borrow. A second mortgage is exactly what it sounds like: another loan that uses your home as collateral....
The lender releases the lien once you pay off your mortgage. But the lender can foreclose on the property if you miss your monthly mortgage payments. 2. Car Lien When you decide to buy a car and can't fully pay for it right away, you rely on a lender. The lender finances the car,...