credit

How Refinancing Works

by Tammy Hines in Blog.

What is refinancing? In a nutshell, refinancing is getting a new mortgage to replace the original one. The bank or mortgage lender that grants you the new mortgage pays off your old one with a new mortgage, thus the term refinancing. Borrowers who choose to refinance do so to reduce monthly payments, lower interest rates,…

Read more

Understanding Different types of Mortgage Loans

by Tammy Hines in Blog.

The process of applying for a mortgage loan can be overwhelming. Whether you are a first-time home buyer or a seasoned investor, you should be familiar with the different types of mortgage loans available to determine what type of loan will best serve your needs. Homes come in many different styles and price ranges, and…

Read more

The Top 10 Credit Don’t During The Loan Process

by Tammy Hines in Blog.

      THE TOP 10 CREDIT DON’TS DURING THE LOAN PROCESS DON’T DO ANYTHING THAT WILL CAUSE A RED FLAG TO BE RAISED BY THE SCORING SYSTEM. This would include adding new accounts, co-signing on a loan, changing your name or address with the bureaus. The less activity on your reports during the loan…

Read more