Welcome to Mortgage 101. We help home buyers and realtors understand home loans. You’re in the right place if you’re thinking of buying your first home, if you’re moving to your next home, or you’re ready to refinance your existing loan.
What is a CREDIT SCORE?
A Credit Score is a numerical grade that shows how reliably you pay your bills. [read more]
What is a MORTGAGE?
A Mortgage is a home loan that you borrow in order to purchase real estate. [read more]
PRE-QUALIFY vs PRE-APPROVAL
Pre-Qualify is an informal conversation about potential loan options. Pre-Approval is a formal review for loan approval. [read more]
What is LOAN PRE-APPROVAL?
[coming soon]
What documents do I need?
[coming soon]
What is MORTGAGE INSURANCE?
[coming soon]
What is a HOME APPRAISAL?
[coming soon]
What is LOAN FORBEARANCE?
[coming soon]
What determines an interest rate?
[coming soon]
What is DEBT TO INCOME RATIO?
[coming soon]
What is HAZARD INSURANCE?
[coming soon]
What are GIFT FUNDS?
[coming soon]
