Surviving a Late PaymentBy Mindy Leisure Payment history is one of the most important categories of your credit report. It makes up 35% of your credit score. With busy lives and so much to keep up with it is, at times, possible for a payment to be missed. For things that do not report on your credit file, i.e., utilities, rent, etc. missing one payment usually is not the end of the world and can…
In life, there can be moments that pass us by because we are not ready for them. Buying a house or refinancing to get a lower interest rate are 2 things that we regularly see our clients pursuing. Despite nearly all of our clients wanting both of these things, we inevitably have to tell some people they just aren’t ready. This makes us feel bad, so we’ve created a guide to help you navigate…
In home lending, there are generally 2 different types of entities you can get a loan from. The first is from a mortgage lender. The other is from a mortgage broker. When shopping for a mortgage, it is important to understand the strengths and weaknesses of both entities. Let’s dive right in by starting with some simple definitions. A mortgage lender is simply any financial institution that directly lends money out to borrowers for…
When it comes to buying or refinancing a home, just knowing which type of loan program is best for you could be the key to saving thousands of dollars with your new home loan! From first time buyers to seasoned investors and everyone in between, UNreduced Mortgage has the right loan for you! Conventional Home Loans A traditional fixed-rate mortgage is the most common type of loan program, where monthly principal and interest payments…
All roads lead to… somewhere. Just where is that somewhere? I’ve spent much of my life asking impossible questions. Around the age of 4 or 5, I remember being told something about what made a question good or bad. The premise is that if you think of a question, you should try to answer it yourself first. If you cannot answer it yourself, it is recommended you ask your parents. If they do not…