You may have heard of the term “annual percentage rate (APR)” but might not understand exactly what it means. But just like other important mortgage terms like rate lock, it’s important to understand APR from top to bottom because it affects how much you pay for your mortgage over the long term. We’ll cover some […]
life of the loan
How Do You Shop Around for a Mortgage?
Does shopping for a mortgage get your nerves in a tangle or give you little fizzes of excitement? The reality of shopping for a mortgage is that it will feel different than poking through online listings, driving around suitable neighborhoods or talking through real estate “how-tos” with a real estate agent. Shopping for a mortgage […]
What is an FHA Loan? Everything You Need to Know
As you read through our homebuyer’s guide, you may wonder which home loans could work best for you. A conventional loan, the most common type of non-government backed loan, requires you to have a minimum credit score of 620. Your credit score is a three-digit number that comes from your credit reports and creditors (such […]