By: Hunter Lending Team For years, lenders have utilized "credit scoring" to determine whether or not an individual is a good credit risk. Credit scoring has recently become a hot topic, due in large part by the mortgage lending industry's willingness to use the process to evaluate one's likelihood of repaying home mortgage refinancing or second mortgage loans.
By: Hunter Lending Team The combination of rising interest rates (although still historically low) and rising home prices has caused the robust mortgage market to slow from its record pace. This has motivated lenders to either introduce creative new loan products or to more aggressively market existing products. If you have not shopped for a in a while, you will find numerous new products from which to choose. Following is a brief review of some of the new and popular products available today.
Here are some things that anyone shopping for a home for the first time should know.
By: Hunter Lending Team A home equity line of credit is a useful tool, but one that is adversely affected by rising interest rates. If you have one, what should you do?