At the intersection of lending, relocation and real estate, lots of technical terms describe the fundamental processes used when getting a mortgage. While relocation and lending professionals may prefer using technical terms for their precision, new homebuyers may find the jargon confusing.
Having good credit can make it easier to get approved for things like a credit card, a car loan, a mortgage, an apartment lease or even a job. It can also help qualify for lower interest rates when borrowing money, which can save a lot of dollars over the years. So what does good credit mean, and what part does it play when making a move?
Not sure which loan type is right for you? Compare your mortgage loan options now »
PNC and PNC HomeHQ are registered service marks of The PNC Financial Services Group, Inc. ("PNC"). PNC is a registered service mark of The PNC Financial Services Group, Inc. (“PNC”). All loans are provided by PNC Bank, National Association, a subsidiary of PNC, and are subject to credit approval and property appraisal.
©2023 The PNC Financial Services Group, Inc. All rights reserved. PNC Bank, National Association.
Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.