Mortgage Education and Information

Everything related to home loans & mortgage finance

Thinking of buying a house? Just need some information? Kid Lenders are pleased to offer the following facts and resources to you.

What You Will Learn

• When is it better to buy versus rent?
• What is a mortgage?
• How is a loan modification different from refinancing?
• What is a home equity loan?
• How do interest rates work?
• What is a credit rating and how does it affect you?
• What does the fair housing symbol mean?

Test Yourself

Did you read all the Kid Lenders articles about home loans, credit, and interest rates? When you are done, take our quick online mortgage quiz to see how much you've learned.

The kids at Pacific Northwest Mortgage Corporation put complicated financial topics into plain language.

Getting a Home Loan in an Economic Slump

In these difficult economic times it can be hard to know what the best approach is to borrowing money for a home. You might wonder if you should buy or rent until the current home crisis subsides. If you already own a home, you may wonder if you should refinance (get a new loan) or modify (change the terms of your existing loan) your mortgage.

If your financial picture is less than perfect, you may wonder if your credit rating is good enough to get the best type of home loan or even a home equity loan. You may wonder if you can get a good interest rate. There have been recent changes to the way credit scores are being calculated, and your rating may have changed, even if you have made all your payments on time.