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

Looking to change the home buying process for the better, the Humes Team is here for all of your mortgage needs. No loan is too big or too small. We believe one should treat others as expected to be treated. We pride ourselves in honesty paired with communication to deliver A1 service with great results.

Meet the team

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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