How Liabilities Figure in the Mortgage Process

Lenders are concerned about liabilities just as much as assets during the mortgage process. There are several types of liabilities, including revolving and installment debt, as well as collections, liens and judgments. Revolving and installment debt Revolving debt refers to debt on which you make payments monthly, such as credit cards and home equity lines of credit; … Continue reading How Liabilities Figure in the Mortgage Process

Make Sure Your Home is in Good Hands: Review Your Homeowner’s Insurance Policies

A homeowner’s insurance policy is usually required when you obtain your home loan.  However, it can be difficult to find an affordable insurance policy that covers all of your essential property.  It is important that you thoroughly review insurance companies before making your decision. Check the Rating One of the most important items to review … Continue reading Make Sure Your Home is in Good Hands: Review Your Homeowner’s Insurance Policies