Archive for October 2022
Conforming vs. Non-Conforming Mortgage Loans: Which One’s Better?
Non-profit research organization the Urban Institute recently described the 30-year fixed-rate mortgage as ‘the bedrock of the US housing finance system.’ This type of mortgage falls under two classifications: conforming and non-conforming. Both types of home loans have their own unique benefits and drawbacks—but which one’s better? Here’s a summary of how each type of mortgage works…
Read MoreHow Do Mortgage Consultants Impact the Standard of Living in New York City?
Obtaining a mortgage loan is one of the most arduous steps of the home-buying process. It requires comprehensive research, preparing applications, and checking out different mortgage products. This is where mortgage brokers come in. A mortgage broker simplifies the complex process of getting a mortgage by connecting investors and homebuyers with appropriate loans and guiding them…
Read MoreThe Ultimate Guide to Home Loans for Borrowers with Low Credit Scores
When was the last time you checked your credit score? This three-digit number is based on your financial history and represents how likely you are to pay back a loan on time. In other words, your credit score will rise if you pay your bills on time. But what if financial hardships in the past…
Read MoreRefinancing Services: Types, Uses, Benefits
If you’ve always wondered how to improve the terms of your home loan through refinancing services, you’re in the right place! With mortgages taking up a massive chunk of the average consumer’s debt obligations, astute borrowers are always looking for ways to minimize their premiums and pay off their home loans quickly. It’s no wonder the…
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