What is a mortgage? Here's your definitive guide to home loans, how they work and how they help you buy a place.
“The best place to start is reducing debt. There are multiple ways to go about this, including paying off high-interest loans, making extra payments and consolidating debt,” says Matthew Sanford, assistant vice president of mortgage lending at Skyla Federal Credit Union in Charlotte, North Caro...
Gen Y Is Colorado Credit Union Mortgage TargetThe article reports that Generation Y members is the target market of Arvada, Colorado-based Sooper Credit Union (CU) in 2011.Passman, AaronNational Mo...
bank for a mortgage involves many of the same considerations as any other type of loan. You may be able to score a better rate and have an easier time getting approved for a mortgage with a credit union than you can with a bank....
A mortgage underwriter plays an important part during the home loan process. Read this guide to understand what they do and look for in your application.
The decision about whether to use a bank or a credit union depends on several factors. But there’s no rule against using both. You may have a checking account at a large bank, but find a low-rate car loan or mortgage offered at a credit union that you’re eligible to join. ...
If you’re opening five credit cards in just a few weeks, that could mean your score is not as good as it could be by the fifth one, which means higher interest. The same goes for applying for a mortgage. Don’t apply for credit or loans within a couple of months before applying ...
What Is a Mortgage? A mortgage is a type of loan typically issued by a bank, credit union, or online lender to purchase a property — you are essentially lent money by a financial institution. You then repay the loan, typically in monthly installments. Each installment includes the principal...
However, you’ll get a subprime mortgage from a lender that offers subprime loans. Your local bank or credit union may not offer them. And the loan you receive will have much different terms than if you qualified for a conventional loan. ...
Credit unions Compared to banks, credit unions often have lenient requirements. As long as you’re a member, you may be able to get approved for a loan from a credit union even with bad credit. Credit unions will likely look at your entire financial picture in addition to your credit. Th...