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Simple Definition and Meaning of Mortgage

mortgage definition

Buying a home is one of the biggest financial decisions most people will ever make—and unless you’re paying cash, you’ll likely need a mortgage. But what exactly is a mortgage? How does it work? And why is it such a crucial part of homeownership? In this article, we’ll break down mortgages in the simplest way … Read more

What is Your Credit Rating Scores?

credit rating

If you don’t know what a credit score is all about, you may read this credit score explanation. Credit rating scores are numbers that mortgage companies use to assess the FICO risk score of any applicant. FICO stands for Fair Isaac and Company, which developed the mathematical formulas and scoring method used to calculate these … Read more

CENLAR Loan Administration and Mortgage Review

cenlar mortgage

Cenlar FSB, short for Central Loan Administration and Reporting, is a major player in the mortgage servicing industry. They’ve been around for over a century, with roots tracing back to Centennial Savings and Loan Association (founded in 1912) and Larson Mortgage Company (founded in 1958). These two merged in 1984, eventually becoming Cenlar FSB in … Read more