Before applying for a mortgage loan, it is crucial to review your financial situation and understand your individual needs. The right mortgage is dependent on your credit history, so a good credit score is key in securing a lower interest rate. Before signing on the dotted line, do some research on the different types of mortgage loans available....

A lender may charge origination fees to process your application. These fees are set dollar amounts or a percentage of the loan amount. These fees cover expenses such as application, credit check, appraisal, pest inspection, survey fees, and mortgage insurance. Mortgages can be categorized based on their interest rate, length of the loan, and...

A home loan is a form of loan wherein the borrower secures a mortgage against a property of his choice. A mortgage is a secured loan and bears an interest rate that reflects the risk assumed by the lender. Home loans can be used to finance a variety of home improvement projects and are generally available at competitive interest...