Blog: Mortgage Information

Your Savings and Down Payment

Posted on November 15, 2017 - 11:22 AM by Eileen Kitko

Your First Step Toward Buying a Home When preparing to buy a home, the first thing many homebuyers do is look at the real estate ads in newspapers, magazines and listings on the Internet. Some potential buyers read how-to articles like this one. The next... Read more

The Advantages of Different Types of Mortgage Lenders

Posted on November 12, 2017 - 11:22 AM by Eileen Kitko

What kind of lender is best? If you ask a loan officer, “What kind of lender is best?” the answer will be whatever kind of company he works for and he will give you a list of reasons why. If you meet the same loan officer years later, and he ... Read more

WHAT’S A FICO®?

Posted on November 2, 2017 - 11:22 AM by Eileen Kitko

What is a FICO® Score? FICO® stands for Fair Isaac & Company and is the name for the most well known credit scoring system, used by Experian. The credit bureau’s computer evaluates a complete credit profile and assigns a score, which is... Read more

Types of Mortgage Lenders

Posted on October 28, 2017 - 11:22 AM by Eileen Kitko

Mortgage Bankers Mortgage Bankers are lenders that are large enough to originate loans and create pools of loans, which are then sold directly to Fannie Mae, Freddie Mac, Ginnie Mae, jumbo loan investors, and others. Any company that does this is conside... Read more

Items You Need When Applying For a Loan

Posted on October 19, 2017 - 11:22 AM by Eileen Kitko

Have These Items Ready When You Apply For a Loan It used to be that lenders mailed out verifications to employers, banks, mortgage companies, and so on, in order to verify the data supplied by borrowers. Nowadays, the interest is often in speed and getti... Read more

The No-Cost Thirty Year Fixed Rate Mortgage