A contingency is a condition of a contract that must be fulfilled for the contract to move forward. They are common in the home buying process to protect buyers by…
Author: BrightDime
When you apply for a mortgage it can be really hard to keep track of all of the different jargon and options (we have some help here.) Different lenders may…
Pre-approval. Mortgage pre-approval is a common first step to getting a mortgage, and shows sellers you’re serious about buying a home. You don’t have to have a specific home picked…
It can be hard to get a loan. Whether it’s a mortgage, a student loan, an auto loan, or even a credit card, getting a loan can be difficult. And…
Underwriting is the process a lender undergoes to determine if a potential loan is an acceptable credit risk i.e. is the borrower likely to repay the loan? An underwriter will look…
A mortgage is just a loan, specifically for the purpose of buying a home. There are lots of different types of mortgages, options that are offered, and details to keep…
A down payment is the amount of money you pay up front when buying something with a loan; like a car or in this case, a home. Here’s a quick…