by Nick Irmo | Oct 20, 2022 | FAQs
Glossary 3/1, 5/1, 7/1 and 10/1 ARMs Adjustable rate mortgages in which rate is fixed for three year, five year, seven year and 10-year periods, respectively, but may adjust annually after that. Adjustment Date The date that the interest rate changes on an adjustable...
by Nick Irmo | Oct 18, 2022 | Home Buying and Selling
Checklist for Buying a Manufactured Home A big difference between manufactured homes, as opposed to other options, is that they are transported by a vehicle and once at the desired location, the wheels are removed, setting the home in place. Get our checklist for...
by Nick Irmo | Oct 17, 2022 | Preparing to Purchase a Home
How Credit Scores Affect Qualifying for a Home Loan What is credit? The credit scoring system was originally designed in the 1950s to help lenders determine how well consumers could pay back borrowed money. While there have been many updates to how this system is...
by Nick Irmo | Oct 17, 2022 | Preparing to Purchase a Home
Top 5 Negative Credit Factors Credit score refers to the three-digit number that represents how well you handle money. Credit scores are calculated through data records that come from previous statements, monetary amounts owed, length of one’s credit history, new...
