Tag: Mortgage

Posted on 08/23/2020
How is a Land Contract Different than an Mortgage?
Image by mohamed Hassan from Pixabay A land contract and a mortgage have a number of similarities. For example, you can use either option to purchase a home Both loans must be repaid on a monthly basis. Understanding the Differences A land contract is a legal agreement between a buyer and a seller. Rather than a traditional mortgage...
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Posted on 07/07/2020
Sources of Funding for Home Buyers
Photo by TheDigitalWay via Pixabay Looking to buy your first home? Unless you have a couple hundred thousand in the bank, a rich family member or a winning lottery ticket, you’re going to have to borrow money. TV ads suggest it’s as easy as clicking your phone, and in some cases it might be, but you should know...
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Posted on 11/03/2019
What To Do After Your Mortgage Loan Is Rejected?
Having your home loan rejected can be disappointing, but it is not the end of the road. This article is full of ideas to help get your loan approved on your next try: Re-edit your borrower profile Banks are vigilant on all aspects of credit, including the profile of the borrower. Remember that many criteria are crippling. Any...
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