Find advice, tips and answers to questions about Mortgages here.

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What is the difference between a mortgage and a deed of trust?

A mortgage is a loan that uses the home as collateral. The lender holds a mortgage until the loan is paid in full. A deed of trust is a legal document that conveys the property to a trustee until the loan is paid in full. The trustee holds the deed of trust until the loan is paid in full.

Jun 05, 2023
How many days before closing is credit pulled?

There is no set time frame for when a credit check is done. It can happen at any time, from the initial application to the final days before closing. Lenders typically do a final check in the days leading up to the closing date to make sure that everything is in order.

Jun 05, 2023
How soon can I refinance my mortgage?

There is no one definitive answer to this question. Some factors that will influence how soon you can refinance your mortgage include the current market conditions, your credit score, and the terms of your current mortgage.If you are interested in refinancing your mortgage, it is best to contact a l

Jun 05, 2023
Can 3 people buy a house?

1) It depends on the situation.2) If they have good credit and can afford the mortgage, then yes.3) If they're willing to sacrifice some space, then yes.4) It's not impossible, but it may be more difficult than if there were more people involved.

Jun 05, 2023