Archive for September 2022
Which Home Loans Are Offered for Each FICO Score Tier?
Have you ever heard of the term “FICO Score?” It’s a three-digit number that represents your spending habits and ability to pay back loans. FICO scores are one of the most common criteria mortgage consultants use to evaluate whether to issue someone a home loan. But what type of mortgage loans are offered to borrowers…Read More
Key Challenges a Licensed Mortgage Lender Faces and How They Overcome Them
Did you know there are over 400,000 individuals employed in the mortgage banking and brokerage industries? Considering how difficult it is to pass the Nationwide Multistate Licensing System mortgage loans originator exam, that’s a lot of people! Mortgage consultants face many daily challenges in their quest to help people fulfill their dreams of owning real estate. But what…Read More
3 Popular Types of FHA Loans: How They Work & Who They Benefit
FHA loans are one of the most popular types of mortgage loans in the country. There are over 7.8 million active FHA loans nationwide totaling $1.2 trillion in unpaid principals. If you add up the mortgage premiums owed on these loans, the total amount is astronomical! But what types of FHA loans do homebuyers apply for most…Read More
Pros Of VA Loans
How Freelancing Has Affected the Mortgage Industry
A decade or more ago, companies were employing individuals for the long term. However, that has changed; many individuals globally have started to work on their terms as freelancers. Freelancers are self-employed individuals—these individuals aren’t committed to a particular employer for the long term, and work with different employers for different periods of time. This also…Read More
Why Are Investment Property Loans Particularly Important to Building Wealth in New York City?
If you ask the average joe what it means to be wealthy, chances are they’ll refer to having a ton of money. But did you know wealth doesn’t solely refer to the amount of cash a person has? A person’s wealth also includes any assets they own, like vehicles and real estate. This begs the question—how…Read More