Homeowner Education

The latest news, tips, and tricks for homeowners

Unsecured Loan

An Unsecured Loan is a form of borrowing that does not require the borrower to pledge specific property or assets as collateral. Approval and terms

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Usury

Usury refers to the practice of charging interest on a loan at a rate that exceeds the maximum amount allowed by law. It is a

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Universal Default

Universal Default refers to a credit practice in which a lender treats a borrower as being in default based on delinquency or default with a

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Soft Inquiry

A Soft Inquiry is a review of a consumer’s credit information that does not affect credit scores and is not tied to an active request

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Roll In

In real estate and home financing, roll in refers to the practice of including certain costs, fees, or balances into a loan rather than paying

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Prequalification

Prequalification is an initial assessment used by a lender to estimate how much a borrower may be able to borrow based on self reported financial

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Mortgage Deed

Mortgage Deed A Mortgage Deed is a legal instrument used in real estate transactions to secure repayment of a loan by placing real property as

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Modification

A Modification is a formal change made to an existing agreement, structure, system, or condition that alters its original terms, configuration, or performance. In real

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Mortgage

A Mortgage is a legal agreement in which real property is pledged as security for the repayment of a loan used to purchase, refinance, or

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Loan Origination

Loan Origination is the structured process through which a lender evaluates, approves, and creates a new loan for a borrower. In residential real estate, it

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