Tag: frequently asked mortgage questions

mortgage myths

Busting the Top 7 Mortgage Myths

October 9, 2019

Correcting Mortgage Myths for the Homebuyer

One of the hardest things about being a first-time (or returning) homebuyer is navigating the world of qualifying for a home loan. To make matters worse, there are quite a few rumors and received truths about mortgages and how to obtain one that are floating around in the popular consciousness.

But disinformation is your enemy. So here we go, busting the top seven mortgage myths to demystify the mortgage qualification process and to help you understand exactly what you’re signing up for.

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mortgage 101

Mortgage 101: A Crash Course

September 25, 2019

What Is a Mortgage? (And Other Commonly Asked Questions)

You’re finally ready to buy your own home, but first you need a mortgage. At least, you think you do. But what is a mortgage, anyway? You probably have a rough idea, but you may not be sure exactly how they work to help you buy the home of your dreams. Here are the basics when it comes to mortgages.

The most important thing to understand is that a mortgage is essentially a loan. In this case, it’s a loan that helps you buy your home. A home is a large purchase and most people don’t have all the money they need to buy one up front, but they also don’t want to spend years without a home while they save up that money. A mortgage is the answer. Read on to learn the answers to other common mortgage-related questions now.

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