Buying a house is a complex and time-consuming thing to do. Getting a mortgage loan requires you to be both responsible and committed. A big part of getting a mortgage is the underwriting process. Underwriting exists not only in mortgage loans but also in other loans and insurance. This process is when the lender evaluates…
A limited liability company, also known as an LLC, is a business structure that protects its owners from personal responsibility for its debts or other liabilities. An LLC is a formal partnership arrangement that requires articles of information to be filed with the state. Because LLC owners/investors are protected from personal responsibility for debts and…
It is impossible to predict what the future may hold when you get a mortgage and buy a new home. If you live in that home for a few years or several decades, your circumstances will almost certainly change. For instance, you may get married (or remarried) and want to live with your new spouse…
Getting a mortgage loan is not easy. It can be a lengthy, complicated, and expensive process. Mortgage lenders will comb through your financial status and documents to assess the risk of giving you a loan. And they will do an extremely thorough job of it too because lenders don’t want to make a mistake and…
If you are looking to buy a house, understanding the common real estate language can be difficult at first. As you contemplate your mortgage options, you may come across the term junior mortgage. But what is junior mortgage and how does it work? Below you’ll find the answer your questions on junior mortgages and give…