Whether you’re a first-time home-buyer or a repeat homeowner, some of the terms mortgage lenders use may seem confusing and even intimidating. However, their language really isn’t as complex as it may seem.

Lenders who offer the Back to Work program only accept borrowers who have satisfactory credit for at least 12 months. Credit histories with late housing, installment debt payments, delinquency and other derogatory credit issues are not accepted in the pro

The “Back to Work” program allows families to apply for a new loan only 12 months after losing a home, the FHA’s new waiting period does not imply that everyone will automatically qualify. For those interested, it’s important to understand eligibility whil