Mortgage Databank

Application If you are getting ready to apply or have just applied for a mortgage, here is some info to help you through the process.	Mortgage Insurance Unless you have a 20% down payment, mortgage insurance is required for home purchases.
Credit Rating Learn about credit guide scores and credit repositories, even order an online consumer credit report.	Refinance Information You have decided to look into refinancing your current mortgage, but which options are right for you?
Closing Costs Once you are ready to close the sale, there are certain costs associated with the transaction that you should be aware of.	Appraisals You and your lender will want an expert's objective opinion of what the property is worth!
Down Payment All downpayments used to be 20%, now you can own a home with 3% or even 0% down, if you qualify.	Title Insurance Title Insurance will protect one of the most important investments of your life.
Loan Programs There are hundreds of programs, options, and lenders available for your purchase or refinance.	Second Mortgages Use your equity without refinancing with an equity credit line or a second mortgage.
Interest Rates Interest Rates are often the deciding factor in selecting a mortgage, be sure you know your options.	Mortgage Terms Definitions of commonly used mortgage terms.
Bridge Loans "Bridge Loans" allow you to use the equity in your current home to purchase a new home.	Buy Downs This technique is used to temporarily reduce the borrowers' interest rate for one or two years.