Mortgages

What are Jumbo loans (large mortgage loans)

When we think of Jumbo mortgages or Jumbo loans, we may imagine something so big that we may not be able to handle. There is some truth to that statement and that is what we will try to find out more about in this article. What Jumbo Loans Are All About A jumbo loan represents a mortgage that excee..   

How to check your credit score?

What is credit score is like the master key that will open all the doors to financing. Due to its importance for banks and for you to improve your quality of life or that of your family, we will show you the available ways to check it when necessary. grow-credit It may interest you: Personal loans w..   

What are mortgage closing costs?

Buying a home in the United States is not a simple or cheap process, that's no secret to anyone. If you're thinking about buying a property, you have to worry about having the down payment (20% or more if you don't want to pay a Private Mortgage Insurance) and assuming the mortgage closi..   

Difference between hard and soft in credit inquiries

Your credit score is one of those aspects you need to know how to take care of if you hope to obtain financing, increase your wealth and improve your quality of life. In this sense, we help you to know how hard and soft credit inquiries influence your credit history. What is a soft credit inquiry? ..   

What is the Private Mortgage Insurance (PMI)

We all know that the application process for a conventional or government-insured mortgage can be long and complicated. There are a lot of factors to consider. In this case we are going to focus on the Private Mortgage Insurance (PMI). What is the Private Mortgage Insurance Private Mortgage Insura..   

What are the discount points on a mortgage and how to use them

The dynamics of mortgage loans in the United States has some peculiarities that make it attractive and complex at the same time. It does not mean that it is difficult to understand, but rather it includes several aspects that are worth knowing before applying for a mortgage. In this category are the..   

What is the FHA? (Federal Housing Administration)

When applying for a mortgage in the United States, you have a wide variety of options at your fingertips. If you don't qualify for a conventional home loan, you can always go to the Federal Housing Administration (FHA). Given its importance, we will see in more detail how this institution appea..   

What are Fannie Mae and Freddie Mac and their functions?

In the vast universe of US mortgage lending, there are several institutions that shape the real estate market. Among the best known are Fannie Mae and Freddie Mac, two government-backed companies that make buying a home easy. Due to its importance, we have to let you know about its creation and what..   

What is the Prime Lending Rate

When you're determined to improve your personal finances, you know you're going to have to deal with credit, rates, and different kinds of metrics. It may sound complex or boring, but once you internalize it, it's like keeping in mind the price of gasoline. For that reason, we would like..   

Types of mortgages in the United States

It would not be bold to say that the US economy, while the largest, is also one of the most diversified. People who live in this country must get used to having a wide variety of offers in banking instruments, especially in loans and credits. In this category, it's time to review the types of mo..   

What is the HUD (Dept. of Housing and Urban Development) and its Section 8

We would like to believe that government aid is only as good as its intentions, but theory is not always reflected in practice. In the United States there are many aid programs for people with limited resources, older adults or with a disability. That is why the HUD (Department of Housing and Urba..   

Types of loans in the United States

They say that necessity obliges, and many times we have to appeal to some type of loan to solve a situation or carry out a project. When there is a financial system that works, you know that you have financing options for different needs. As credit abounds in the United States, we will review the mo..