What's The Difference Between An FHA Loan Vs A Conventional Loan?
Financial Hacks
Mortgage brokers tend to work fast, fast, fast! You can fund in as fast as 20 days or less!
Everyone Wants To Know Where The FICO Score Originated From And What In The World Is An Actual FICO Score?
[Mortgages and Refinancing can be complicated to understand and very intimidating. The good news is that there are guidelines that lenders must follow, but if you're fortunate enough, you will have a great experience with an excellent lender. Buying a home shouldn't intimidate you, it should excite you, because you worked for it and you deserve it! Not only is purchasing a home a great accomplishment, but...
What is the literal meaning of the word Mortgage? Mortgage derives from two Latin words, "Mortuus", which means death and "Gage", which means pledge. It's safe to say that one is pledging until death to pay their loan. Now let's talk about what it actually is. A Mortgage Loan, also known as Home Loan, also known as a Mortgage, is a Loan from a financial institution or a bank granted to a borrower(s) to...
It's a myth that you need at least 20% down to purchase a home, you actually only need at least 3.5%. If your FICO (Credit Score) is below 580, that minimum could rise as high as 10%. Your DTI (debt-to-income) ratio is a major determining factor in how much you can borrow from a lender. Your Debt-to-income(DTI) ratio is the amount of your total monthly bills divided by how much money you make a...
Buying a home shouldn't stress you out, it should be a positive milestone in your life. Our team understands the hard work and effort that was put into saving money for a home, that is why we always manage to find the best loan program for you and your loved ones. Tailored Home Loans offers are variety of loan programs, fixed or adjustable, short or long term, to fit the needs of your budget and your...