Mortgages

What are ITIN mortgage loans and which banks offer them?

Being a non-resident immigrant in the USA does not prevent you from having the quality of life you aspire to. With the help of an ITIN you have the opportunity to apply for a mortgage loan and buy a new or used home. We tell you which banks offer this financing and other relevant information. You ma..   

What is the down payment on a mortgage loan?

Mortgage loans are known for their extensive paperwork and demanding requirements. Among the many terms you should be familiar with is down payment, which can be summarized as the portion of the home's value that you contribute from your savings. But although it may seem simple, this term has di..   

What is the APRC on a loan and how is it calculated?

In your search for the ideal mortgage on Busconomico or on the web, you will come across some abbreviations you don't know. Although the APRC is very similar to the APR, which you may already know, they are different. Here we show you what the APRC is in a loan or mortgage, how it is calculated ..   

First-time homebuyer grants and loans in Florida in 2023

For any citizen to buy their first home is very difficult because of the amount of money you have to have in savings, and because of the high cost of housing. Fortunately, there are many programs and grants to make buying a first home easier.More information: Mortgage loans frequently asked question..   

FHA loans to buy a home and their requirements

In the United States there are a number of assistance programs for people with limited resources and for young people who want to embark on the adventure of buying a home. The FHA (Federal Housing Administration) is an institution under the Department of Housing and Urban Development (HUD) of the U...   

What is a Mortgage Loan Originator (MLO)?

In the world of mortgages, you will need to familiarize yourself with several terms that are important to understand the dynamics of mortgage lending. One of them is the MLO or mortgage loan originator. Together with the real estate agent, they are the professionals who should look out for your inte..   

What are the adjustable-rate mortgage loans (ARM)?

The dynamics of mortgage loans in the United States do not vary much with respect to other countries where this resource is widely accepted. Thus, Adjustable-Rate Mortgage (ARM) is known as variable or mixed outside our borders. Because it is important to know how they work to find out if they are s..   

What is an Escrow Account and how does it work?

The use of escrow accounts is becoming more and more widespread, it is very likely that on several occasions you have heard its name or you have been asked for it when paying for an important purchase. If so, but you do not fully understand what it is about, this post is to clarify all the doubts ab..   

How to inspect a house we want to buy?

Buying a home will always be a major commitment for your personal finances. That's why you can't leave anything to chance or settle for incomplete information about the property that will be your home. This time, we will evaluate what you should inspect before buying a home. May interest you..   

Mortgage loans frequently asked questions

Homeownership has become an expensive process that often requires the help of mortgage financing. That's why many first-time buyers have some doubts about how the process works. To put those fears aside and give you that knowledge of what to expect, we made our list of frequently asked questions..   

Debt consolidation loans even for bad credit

Debt consolidation is a well known situation in the United States and many financial institutions offer you support to implement it. Given the growth of indebtedness due to poor management of personal finances, loans to consolidate debts are more common and this is what we will discuss here in more..   

How to compare mortgage loans?

It's safe to say that the U.S. is in a good time for you to buy that new or used house that will become your home. Although prices have started to drop, that doesn't mean you're going to get the best mortgage loan available. If you understand that the easy way out can be costly, we expl..