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Category: Loan

How Does Shopping for A Mortgage Loan Affect My Credit Score?

How Does Shopping for A Mortgage Loan Affect My Credit Score?

Are you shopping for a mortgage loan, but worried about pulling your credit report multiple times? This is one of the most common questions we receive with regard to credit scores when potential homebuyers are shopping for a mortgage. Smart borrowers want to talk to several mortgage companies and banks to find the most favorable terms. Finding … Continue reading How Does Shopping for A Mortgage Loan Affect My Credit Score?

Need a THDA Loan? Here’s How You Can Get Approved

Need a THDA Loan? Here’s How You Can Get Approved

Low- to moderate-income individuals and families can apply for affordable home loans through the Tennessee Housing Development Agency (THDA) loan program’s Great Choice Home Loan. What Is a THDA Great Choice Home Loan? Although each loan’s specific terms will vary based on the borrower and unique loan request, THDA Great Choice Home Loans all feature the … Continue reading Need a THDA Loan? Here’s How You Can Get Approved

Learn How to Calculate Monthly Mortgage PITI Payments

Learn How to Calculate Monthly Mortgage PITI Payments

The four components of a monthly mortgage payment are principal, interest, taxes and insurance – also know as your PITI payment. Each month you will repay your mortgage lender a portion of your loan’s principal balance (the loan amount) and accrued interest, plus payments that will be put into an escrow account from which your lender will … Continue reading Learn How to Calculate Monthly Mortgage PITI Payments

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