home loan lingo

Part 2 – Homebuyers beware! Here are 6 more frightening home loan terms!

     
Part 2 – Homebuyers beware! Here are 6 more frightening home loan terms!

Last week, we pulled together six common mortgage-related terms and phrases that potential homeowners might be spooked by. Have no fear; this week, we dig up another half-dozen!

6 more not-so-scary mortgage terms you should know

 

1 — Credit Report & Credit Score 

To understand your creditworthiness (how risky it is to let you borrow money), mortgage companies will dig into your credit. The credit report collects information on all the loans you’ve ever had, your payment history, and how much credit you have been approved for, even if you’re not currently using it.

Continue reading Part 2 – Homebuyers beware! Here are 6 more frightening home loan terms! at Movement Mortgage Blog.

About the authors

Our team is truly passionate about a career that allows us to connect with people every day. We want to build a legacy that is grounded in a genuine desire to build long lasting relationships based on trust. We have the privilege of helping people with one of the biggest financial decisions they will ever make, and we do not take that lightly. Our goal is to provide a level of service that is unparalleled and an overall experience that is remembered for years to come.

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About Movement Mortgage

Movement has grown from a small team of 4 to over 4,000 employees with more than 500 locations across 46 states. Inc. Magazine recognized Movement Mortgage as the fastest-growing mortgage bank in the country.

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