A home's equity is a homeowner's most important asset. Home equity is also a key factor in figuring your net worth. To find the home equity of your home, subtract the remaining mortgage balance from the current value of your home. It sounds simple, but... Read More »
When a lender finances your home mortgage loan you are using your house as collateral. If you are unable to keep up with your monthly mortgage payments, the lender can, and will, start foreclosure proceedings. If your mortgage is foreclosed on you will... Read More »
Hi, this is Jim DiVietri from Alight Home Mortgage in Lansing, Michigan on behalf of Expert Village. Conventional loans are credit score driven. The information that you have on hand with your current mortgage, your property taxes and all this comes... Read More »
The mortgage lending process can be complex. The steps you take to position yourself to qualify for a mortgage loan are critical. You can put yourself in a position to qualify for purchasing the home you desire or refinancing an existing home. It may... Read More »
Appraisals are an important part of the mortgage process. Appraisals help determine whether or not the collateral is sufficient enough for the loan. Some lenders may request that appraisals be paid upfront. An average appraisal fee is $300. The reason... Read More »
