As a first-time homeowner, there’s a lot you’re going to need to learn about your new mortgage. These eleven topics will provide a strong foundation of knowledge to get you on the right track.
While searching for a mortgage, it's common sense that you'll want to find a loan with a low interest rate. But there's another number you should also be concerned with: the annual percentage rate (APR).
Choosing the right lender can make or break the home-buying experience. But if you've already begun the process with one mortgage company, can you switch to a different lender for your loan?
USDA guidelines set waiting periods for obtaining a mortgage following adverse credit events such as bankruptcy, foreclosure, and short sales. However, compensating factors and proof of extenuating circumstances may help you qualify sooner.