Rental lease agreement: Know what your lease means and how to get out of it
Don’t sign that apartment lease before you see these tips.

You need to understand what loan origination is. Here’s what to know.
Loan origination is the term used to describe the process that occurs when a buyer obtains a mortgage loan from a lender. It involves several stages, starting with the loan application by the borrower, the submission of appropriate documentation, the lender’s assessment of the application and the final granting of the loan.
Mortgage loan originators are responsible for managing the loan origination process from application to granting of a mortgage loan. A loan originator may work for a lender or be independent. The distinction is important because originators working for the bank have the bank’s interests at heart, whereas an independent loan originator can help buyers choose the best form of loan and know which lenders offer the best deals.
The loan origination process has numerous steps, including:
After loan origination, the settlement or loan closing process takes place, funds are disbursed and title is transferred.
Joseph and Mary have decided to buy a home in a rural community. They made an offer on a property for $165,000. After using Bankrate’s mortgage lenders comparison tool, they initiate loan origination by applying for a mortgage loan from their local bank. They fill in the forms and submit additional documentation such as what they earn, tax returns and details of their bank accounts. Their bank assesses this information and, after inspecting the property, offers Joseph and Mary a mortgage loan on very favorable terms, thanks to their good credit rating.
Are you interested in purchasing a new home? Use Bankrate’s loan comparison calculator to find the loan that best works for you.