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Tri Merge Credit Report – Explained
What is a Tri Merge Credit Report? By Mortgage Loan Advocate.com Not all of the information is the same on each credit report, and that can be tricky when you need accurate information. There are three major credit report entities out there, and each of them can have different information on them. As a consumer, […]
Online Installment Loans What Are They
Online Installment Loans What are they? By Mortgage Loan Advocate.com Online Installment Loans – There are many kinds of credit and financial products out there. Considering that most of us need additional funds at some point in life, it is crucial to understand the different types of online instalment loans to know which one suits […]
When You Take Out A Mortgage Your Home Becomes The Collateral
When You Take Out A Mortgage, Your Home Becomes The Collateral By Mortgage Loan Advocate.com Whenever applying for a mortgage or loan, you might be required to put up some collateral as an assurance that you would repay the lending agent (promisor). Using a high-value item, for instance, a house, as collateral for a loan […]
Notice Of Default
Notice of Default By Mortgage Loan Advocate.com Most times missed payments are not intentional. It may be due to a financial setback as a result of dropped or even loss of income, the unforeseen event of an illness, or just the challenges of life striking you. All this is inevitable. Therefore, it is essential to […]
Escrow Process
Escrow Process By Mortgage Loan Advocate.com When purchasing a house, there is something called escrow, and it provides for the best and legit way of purchasing a house. The escrow process will take care of the transaction from the moment the seller accepts the house offers up to the time you get the full ownership […]
The Escrow Agent – Escrow Officer
Understanding The Role Of An Escrow Agent During Mortgage Transactions By Mortgage Loan Advocate.com An Escrow Agent, or Escrow Officer, is an unbiased professional who acts as a third party. Their job is to work for both the buyer and the seller. The third-party person must ensure both parties fulfill their obligations as per their […]
Foreclosure: What Is It All About?
By Mortgage Loan Advocate.com A foreclosure is a legal process in which the bank repossesses your home after you’ve defaulted on your payments. Receiving a foreclosure notice, however, does not mean that all is lost. There are still ways you can save your home. You should immediately contact your lender or a Foreclosure Attorney to […]
Rent To Own Homes
Rent to Own Homes Guide By Mortgage Loan Advocate.com As a homebuyer, a mortgage is typically required to purchase a home. Your credit needs to be good in order to qualify for most loan programs, and a cash down payment may also be required. If you don’t have all that, you might not want to […]
What is a Lis Pendens
What Is A Lis Pendens And What Should I Do If I Receive One By Mortgage Loan Advocate.com Definition Of Lis Pendens Lis Pendens meaning usually implies a lawsuit pending. For example, if you want to sell a home that has a Lis pendens, then this formal notice of the pending lawsuit can interfere with […]
