What is Private Mortgage Insurance? (PMI)
Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. Like other kinds of mortgage insurance, PMI protects the lender—not you—if you stop making payments on your...![Understanding Your Credit Score GPA](https://heartlandcreditrestoration.com/wp-content/uploads/2018/03/credit-score-GPA-ABC-header.jpg)
Understanding Your Credit Score GPA
If you struggle to understand credit repair and the credit repair process, a good way to break it down is to compare it to a high school GPA – or grade point average. Understanding your credit score is the first step to repairing and rebuilding your credit! Your...![Understanding Escrow in the Home Buying Process](https://heartlandcreditrestoration.com/wp-content/uploads/2018/01/man-and-son-in-front-of-sold-house.jpg)
Understanding Escrow in the Home Buying Process
So you’re at the point in the home buying process where you’re getting ready to get pre-approved for your home loan. As you go into the bank, they’re probably going to use some terms that you’re not familiar with at this point. One of these is...![The Cost of (Bad) Credit](https://heartlandcreditrestoration.com/wp-content/uploads/2017/10/couple-worried-about-money-900x450.jpg)
The Cost of (Bad) Credit
Over your lifetime of borrowing, having bad credit could cost you upwards of $300,000. Someone with bad – or even average! – credit will end up paying a significant amount more for Your credit score affects almost everything you do. Having bad credit...![The Difference Between an Inquiry and a Soft Pull](https://heartlandcreditrestoration.com/wp-content/uploads/2017/07/young-couple-applying-for-loan-900x450.jpg)