by RAY COLE | Apr 17, 2023 | Glossary of Mortgage Terms
A co-borrower, also known as a co-applicant A co-borrower, also known as a co-applicant or joint applicant, is an individual who applies for a mortgage loan with another person, sharing the responsibility of repaying the loan. This type of arrangement is common among...
by RAY COLE | Apr 17, 2023 | Glossary of Mortgage Terms
When it comes to obtaining a mortgage, having a co-applicant can be a helpful strategy for many borrowers. A co-applicant is essentially a second borrower who applies for the mortgage alongside the primary borrower. The co-applicant is equally responsible for repaying...
by RAY COLE | Apr 17, 2023 | Glossary of Mortgage Terms
When you’re buying a home and applying for a mortgage, there are many important documents you’ll need to understand. One of the most critical is the closing disclosure, which is provided to you before you close on your home. What is a Closing Disclosure? A...
by RAY COLE | Apr 17, 2023 | Glossary of Mortgage Terms
Closing Costs: What They Are and How They Affect Your Mortgage Closing costs are fees and expenses that borrowers pay when they close on a mortgage loan. These costs can vary depending on the type of loan, the lender, and the location of the property, but they...
by RAY COLE | Apr 17, 2023 | Glossary of Mortgage Terms
Closing is an essential step in the process of obtaining a mortgage. It is the final stage where the transfer of ownership takes place, and the buyer gets the keys to their new home. It can be a complicated process, involving many steps and documents. In this article,...
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