Deposit vs Downpayment

Deposit vs Downpayment

As part of the mortgage and real estate processes, there’s a lot of confusion around the differences between the deposit and the downpayment. It’s important to understand what sets them apart so you don’t get confused when it’s time to secure financing on a...
How Does Debt Impact Mortgage Qualification?

How Does Debt Impact Mortgage Qualification?

Understanding the way debt – especially unsecured debt – comes into play when qualifying for a mortgage can be unclear for many borrowers. You have zero credit card debt, but you pay $300 a month to finance your car. That makes you much more desirable than your...