Buying a home for the first time is one of the most important financial decisions you will make in your life.... read more →
While applying for a home loan with future spouse on a home loan may be stressful, there are benefits to... read more →
What is the HMDA? The Home Mortgage Disclosure Act (HMDA) was passed into U.S. law in 1975 and mandates that... read more →
The mortgage application process can be both a difficult and a confusing process, but it can also be an incredibly rewarding... read more →
Refinancing your mortgage is a great way to afford your home despite rising rates. This allows a borrower to pay... read more →
Should I Refinance My Home Loan if I Only Plan on Living There for a Few Years? Many first time... read more →
Mortgage Brokers vs Lenders: The Differences Both mortgage brokers and mortgage bankers play a role in helping you get a... read more →
Mortgage rates are constantly changing, making it difficult to decide when it is best to lock in a rate and... read more →
There are many ways to pay off your mortgage faster, from earning extra income to renegotiating loan terms with your... read more →
How Can a Home Loan Save You on Income Taxes? Tax deductions are a great way to save money on... read more →
A mortgage is one of the most important investments of a lifetime. It is critical that you work with a... read more →
Decorating your home can be an overwhelming, stressful, and expensive process. Here's a few tips for decorating your home on... read more →
How to Obtain a Mortgage with Low Income and Good Credit Purchasing a home is a considerable investment. While purchasing... read more →
As a key step in the mortgage loan process, mortgage underwriting can make or break your chances of obtaining a loan.... read more →
Bugs are all over the place! They sneak in from the backyard and take refuge in your kitchen, bedroom, bathroom,... read more →
Looking for a home in Florida? There are many great towns and cities in the Sunshine State where you can... read more →
Protecting Your Home From Hurricanes The Atlantic hurricane season began on June 1st. While this season typically lasts six months,... read more →
Tips for Childproofing Your Home If you have a newborn child or toddler, you'll want to make sure that your... read more →
Most Expensive Homes in NJ When people want to find huge mansions, they usually look to states like California, Florida,... read more →
Don't want to go through foreclosure? Consider a short sale. A short sale describes a transaction in which you sell... read more →
Freddie Mac recently increased the income limits for its Home Possible mortgage program. The Home Possible program is intended to... read more →
During the summer, bugs are more likely to emerge and enjoy the nice weather. However, they can disturb your summer... read more →
Colors can evoke our moods, our vitality, and thinking. If you are considering decorating your living room or bedroom with... read more →
In-Ground Pools vs Above-Ground Pools What better way to battle the heat than with your very own pool? Having a... read more →
The condition of your driveway might not top your list of concerns, but it is important. Your driveway is the... read more →
How to Make Your Own Headboard Furniture shopping can be extremely stressful. Going from store to store with little success... read more →
Unlike some other assets, like your car or furniture, your home's value can appreciate, or increase, over time. By taking... read more →
Define: credit utilization Definition: Credit utilization is the comparison between the amount of credit available and the amount currently used.
Define: appraisal Definition: An appraisal is an estimation of a property's value.
Define: quitclaim (deed) Definition: A quitclaim deed can be used to transfer property rights. It releases a person's interest in a... read more →
Define: decree Definition: A decree of foreclosure and sale is a declaration made by the court stating that a piece of... read more →
Define: median Definition: The median number is the middle number in a set of numbers. The area median income is produced... read more →
Define: secondary residence Definition: A secondary residence is a property in which the owner(s) lives in part of the time.
Define: grace period Definition: A grace period is the period of time after the deadline for a mortgage payment, during which... read more →
Define: primary residence Definition: A primary residence is the legal residence of a person. A person may only have one primary... read more →
Define: deduction Definition: A deduction is a charitable gift, mortgage interest paid on a loan on a primary residence, business expenses,... read more →
Define: Home Equity Conversion Mortgage (HECM) Definition: A Home Equity Conversion Mortgage (HECM) is a reverse mortgage program offered by the... read more →
Define: arm's length transaction Definition: An arm's length transaction takes place between two parties without an obvious connection to one another,... read more →
Define: non-arms length transaction Definition: A non-arms length transaction is that which takes place between two parties that know each other, such... read more →
Define: renegotiate Definition: To renegotiate a mortgage means to work with your lender to rework your loan terms so that it... read more →
Define: secure (financing) Definition: To secure financing for a property is to both successfully apply and qualify for a mortgage loan.
Define: Fair Housing Act Definition: The Fair Housing Act was signed in 1968 by President Lyndon Johnson. It prohibits home sellers... read more →
Define: fair lending Definition: Fair lending is the practice outlined in the Fair Housing Act of 1968. It prohibits lenders from... read more →
Define: bankrupt Definition: To be bankrupt means that one's outstanding debts are being restructured in order to pay back your creditors.
Define: bankruptcy Definition: Bankruptcy is the state of working through debt with the help of your bank or the government,... read more →