What is a Mortgage Broker Bond?

What is a Mortgage Broker Bond?

A mortgage broker bond is a type of license bond required for residential mortgage brokers, lenders, or servicers. It acts as a financial guarantee to repay losses due to unethical or unlawful business practices on behalf of the broker. The bond requirements for...
How to Build Credit – Part 2

How to Build Credit – Part 2

Click here for Part 1 of the series. How to Build Credit if You Don’t Have Credit History There are several ways to build credit history when you don’t have any. Apply for a credit card.The card you apply for will depend on your credit history. Cards are available for...
How to Build Credit – Part 2

How to Build Credit – Part 1

What is Credit? Credit allows you to borrow money and access products or services now, with the understanding that you will pay in the future. Your ability to access credit is based on your credit history, which is a record of your debts and repayment of those debts....