Mortgage Learning Center

Our experts are committed to helping you understand the home buying & financing process, including mortgages, so that you can make smarter decisions. We’ve pulled together answers to your important mortgage questions, including tips on how to approach shopping for a home loan as well as how to get the best rates & deals. Learn how to select a mortgage lender & real estate agent, negotiate the best price, and best time a refinancing. Plus, understand how mortgage decisions can affect your credit score. Use Credit.com’s free credit report card to find out where you stand today.


How to Find and Choose a Mortgage Lender

A knowledgeable mortgage professional can help you set goals and secure a loan that is suited to your needs. Home loans are available from a number of institutions—from banks and credit unions to mortgage bankers and mortgage brokers. Read More

Understanding Mortgage Points: Rate vs Fee

No single issue confuses borrowers more than “points.” Points are an upfront fee that is paid to lower your mortgage interest rate. One point is 1 percent of the loan amount. Read More

How to Determine Your Monthly Housing Budget

What measures determine home affordability? Mortgage lenders have traditionally expected borrowers to have a housing expense ratio of 28% or less. The housing expense ratio is an indication of a borrower’s ability to make the payments on their mortgage loan. Read More

How Selling Your Home Can Impact Your Credit

If you’re thinking about putting your home on the market, you might be wondering if selling your house affects your credit score. The simple answer is yes. Selling your home could impact your credit score, though perhaps not in the way you think. For instance, selling house won’t negate the payment history associated with its […] Read More

How to Determine Your Down Payment on a Home

What is a down payment? When you buy a home, it is typical for you to provide some of your own money in addition to the money you take out on loan. The money you provide of your own is considered the “down payment.” Read More

Can I Get My Short Sale to Not Affect My Credit Score?

Short-selling allows you to avoid foreclosure on a home, and while a short sale is in many ways preferable to a foreclosure, there are several consequences homeowners need to consider before choosing how to deal with their unaffordable home loans. For starters, no matter how you go about it, a short sale is going to […] Read More

How to Get a Loan Fully Approved: The Mortgage Loan Approval Process

What must be done to get a loan fully approved? Following pre-approval, your loan representative will instruct you to provide the required supporting documents. The loan representative will then submit your loan application, along with the documents, to the underwriter. Read More

How to Refinance Your Home Loan With Bad Credit

Contrary to popular belief, there are home loans for people with bad credit. In fact, as many mortgage experts will tell you, the cut-off for conventional home loans is generally a 620, while Federal Housing Administration-backed mortgages can be obtained with a credit score as low 580. If you’re looking for a way to refinance […] Read More

Property Taxes and Your Mortgage

The rules and amount vary widely from state to state, but everyone pays property taxes. In fact, this is usually the main source of local government funding and is generally based upon the home’s value. Read More

Financing Your First Investment Property

When it comes to buying a real estate investment property, the first deal is the hardest. I know this from personal experience. I kept talking about buying a rental property for several years until my husband finally took the initiative, found a property, and made me buy it. Read More

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