Mortgage Information and Mortgage Brokers:
A simple definition of a mortgage is a type of loan you can use to buy or refinance a home. Mortgages are also referred to as “mortgage loans.” Mortgages are a way to buy a home without having all the cash upfront.
What is the Biggest Factor for Getting a Mortgage?
Your income is a major factor when it comes to being approved for a home loan. Mortgage lenders prefer borrowers who have a stable, predictable income to those who don't. While they look at your income from any work, additional income (such as that from investments) is included in their assessment.
9 Common Mortgage Mistakes and How to Avoid Them
Types of Mortgages:
Here is a Breakdown of a Mortgage:
