Which Credit Score Do Lenders Use to Qualify Me For a Loan?

You have a credit score with the three main bureaus, Equifax, Transunion and Experian. Each bureau has come up with their own version of the credit scoring formula which is unknown to the public.This creates a situation where your three scores are highly unlikely to be the same. The credit score that a lender looks at when qualifying you for a loan really depends on the type of lender. Most c

What Are the Home Equity Loan Rules in Texas?

The state of Texas has some pretty interesting refinance rules. This is especially true when one wants to pull cash or equity out of their home.There are two types of mortgage refinances. The first type is called a rate and term refinance. This is simply when someone wants to lower their rate or change the term of their original home loan. For example, someone with a 30 year mortgage at 7% ma

5 Year Fixed Rate Mortgage Rates

5 year fixed rate mortgage is a mortgage loan where the interest rate on the note remains the same through the term of the loan, as different to loans where the interest rate may change. Other forms of mortgage loans include interest only mortgage, graduated payment mortgage, changeable rate including changeable rate mortgages and tracker mortgages, negative paying off mortgage, and balloon p

Lowest Interest Rates - 10 Year Mortgage Rates

You can find very low mortgage interest rates in today's economic climate. Having a stellar credit rating, low debt to income ratio, and good verifiable income are all important factors in securing you the lowest rates. However, there are other steps you can take to ensure receiving a low percentage for your new home loan or refinance.One option that many people dismiss too quickly is the 10

Upside Down Mortgage Loan - Tips to Refinance an Upside Down Home Loan

Many homeowners are struggling as they are not able to pay their loan on time and are facing foreclosure. This is because the value of their property has declined more than 50% than what they actually bought it for. Now they owe much more money to the lenders than the actual value of the property to the lenders.Tips to Refinance Upside Down Home Loan RefinanceIf you are upside down on your mo

Sample Loan Request - How to Request For a Home Loan? The Correct Sample Format

In order to request a home loan from the bank or a mortgage company, you initiate the process by writing a home loan request letter to the bank. There are multiple tips to draft & send letter effectively and importance need to be given to all these tips to get a loan application approved from concerned banks or mortgage companies.Let us understand the effective tips to draft a Loan Reques

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