Homeowner Education

Unsecured loans are loans that don’t require collateral to be approved for the loan. The lender will check your creditworthiness and consider a few other

Usury is the term used when someone charges more than the maximum interest rate allowed by law. State laws govern legally allowed interest rates, but

Universal default is a policy of some lenders that allows them to penalize borrowers who pay any creditor late, resulting in a drop in the

Roll in is when the costs of a loan are added to the principal balance. Roll in, which is also called “rolling” or “to roll,”

Prequalification is an initial evaluation of an applicant’s ability to qualify for a loan. Prequalification is used in the mortgage process to give lenders an

Modifications are changes lenders make to an existing loan, resulting from the borrower’s inability to repay the loan.

Loan origination is the term used to describe the process that occurs when a buyer obtains a mortgage loan from a lender. It involves several