Skip to content

Carrington Mortgage Services, LLC Learning Center

Bathrooms on a Budget

If kitchens are the most popular area for a home remodeling project, bathrooms are not far behind. But just like kitchens, remodeling a bathroom can often cost a shiny penny. 

Not every homeowner is prepared to invest that kind of money into their bathroom, so we thought we’d share a few ways you could make small upgrades to your bathroom, creating that feeling of luxury, warmth, and comfort we all appreciate in one of our favorite rooms.

Read More

What Is a Payoff Request?

There are occasions when a mortgage loan borrower may wish to pay off their existing loan early. It could be that the borrower is refinancing their home or seeking to consolidate debt. Whatever the reason, their current loan must be paid off first before a new one can be issued. And in order for a borrower to know the exact amount they owe on their loan, they generally have to submit a payoff request to their lender. 

Read More

An Overview of an Escrow Account

Buying a house can be a confusing and complicated process, especially for first-time buyers. So many unfamiliar terms, practices, and procedures; so many rules and regulations to follow. Of course, it’s all worth it in the end, when you finally get the keys to your new home and take possession of it, but in between, the process can seem full of convoluted twists and turns.

Read More

Tips on Improving Your Credit Score

Lenders use many factors to evaluate a customer’s loan application, and credit scores are one important factor. Based on the information in your credit report, a credit score is generated. The better your credit is, the more likely it is you will be approved for a loan, at the best possible interest rate the lender has to offer.

Read More

The Meaning of the Memorial Day Holiday

The Memorial Day holiday has a long and complicated history. It was originally begun as a way to honor the fallen soldiers of the Civil War. However, during World War I, the United States found itself once again involved in another major conflict, and the holiday evolved to commemorate American military personnel who died in all wars – currently including World War II, The Vietnam War, The Korean War, and the wars in Iraq and Afghanistan.

Read More

A Checklist to Buying Your Dream Home

Is your current home your "dream home"? Could it be time for a bigger (or smaller) dream home? There is a lot of pride that comes with owning a home and having a place to raise a family. Also, homeownership may be an effective way to build long-term wealth, and there are other financial incentives that come with owning a home as well.

Read More