Jan 1, 2019Let's Play Mortgage Lingo Bingo: The 4 Cs of CreditThe 4 Cs of Credit The factors lenders look at when determining if you qualify for a loan: Character: your credit history or financial...
Jan 1, 2019Let's Play Mortgage Lingo Bingo: ClosingClosing Closing is when your contract is finalized and you sign a lot of documents that make you an official homeowner. You will pay your...
Jan 1, 2019Let's Play Mortgage Lingo Bingo: UnderwriterUnderwriter Makes the final decision to approve or deny your mortgage loan, based on your specific financial situation. The underwriter...
Jan 1, 2019Let's Play Mortgage Lingo Bingo: Down PaymentDown Payment This is the initial cash that you put toward the home purchase, not including the amount you borrow. For many years, 20%...