YOUR FIRST HOME LOAN: 7 TIPS FOR SUCCESS
SHOULD I APPLY FOR A MORTGAGE WITH BAD CREDIT?
PRE-QUALIFIED VS. PRE-APPROVED: WHAT’S THE KEY?
MORTGAGES FOR MILLENNIALS- YOUNG BUYERS FINALLY SAYING YOLO!
MORTGAGE TYPES: WHICH IS BEST FOR YOU?
HOW HAS HOME OWNERSHIP BECOME MORE ACCESSIBLE?
There are tremendous advantages owning a home compared to renting. Yes, renting does have benefits that owning does not but primarily those benefits are geared toward mobility and having the ability to change addresses whenever you want to. But over time, owning and creating wealth through equity as well as the income tax advantages are just too st .....POSTED ON October 4, 2017
HOW DOES A PAST FORECLOSURE AFFECT FUTURE MORTGAGE LOANS?
Certainly one of the worst things that can happen to someone’s credit profile is a foreclosure. Lenders go through great lengths to avoid a foreclosure as they’re expensive, time consuming and practically no fun for anyone involved. Borrowers don’t buy homes with the intent to default nor do lenders approve loans hoping they’ll have to take the hom .....POSTED ON October 4, 2017
How Do Low Credit Scores Affect Mortgage Loans?
While good credit is a requirement for most every mortgage loan, credit doesn’t necessarily have to be pristine. In fact, those with “perfect” credit who have a credit score approaching 850 are very, very hard to find. Credit scores will range from 300 to 850 and while all three major credit repositories of Equifax, Experian and TransUnion provide .....POSTED ON October 4, 2017
CREATE A PARTNERSHIP WITH YOUR LENDER
Online lenders and “1-800” mortgage companies like to promote the fact that getting a mortgage is as easy as logging onto the internet. And while that’s true when applying for a mortgage, unless the borrowers know the advantages and disadvantages of various loan types, it’s really not to anyone’s advantage to use a lender that doesn’t provide .....POSTED ON October 4, 2017
CONSIDERING A CASH OUT? USE YOUR HOME'S EQUITY
When homeowners refinance their existing mortgage they have plenty of options and choices they need to make. For most borrowers who refinance the primary motive is more than likely to obtain a lower rate. There are other good reasons, two of which are to refinance out of the instability of an adjustable rate loan into a fixed rate loan and to switc .....POSTED ON October 4, 2017