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 Are Credit Scores Calculated?
April 5, 2017The concept of credit scoring has been around in some form for quite some time. Yet during the latter part of the 1990’s did credit scoring really begin to affect mortgage loan approvals. For a time, credit scores were part of a request for a credit report and at first lenders would refer to the score but not make it a requirement. Ins .....POSTED ON April 5, 2017
5 Things You Didn’t Know About FHA Loans
April 4, 2017Thinking of an FHA loan? Did your loan officer suggest FHA financing for your situation? For buyers who want to come to the settlement table with as little cash as possible then the FHA mortgage is certainly an option. Yet here are five things you may not now about this mortgage.It’s GuaranteedFHA loans come with a guarantee to the .....POSTED ON April 4, 2017
ARM or Fixed: Which Is Better?
April 3, 2017That’s a very good question and one you might have heard more than once. The question of an ARM vs. a Fixed Rate Mortgage is age-old and one the very first questions your loan officer might ask. You can do your own research about which is better but the answer might very well be neither. Or both. Or maybe just one of them. Confusin .....POSTED ON April 3, 2017
Self-Employed? 5 Steps to Scoring a Mortgage
March 31, 2017Loan programs today require lenders to verify the borrower can demonstrate an ability to repay the new mortgage, taxes, insurance along with current credit obligations by comparing income and debt. Most borrowers today are employees and receive a regular pay check or two each and every month. It’s relatively simple for a lender to ver .....POSTED ON March 31, 2017
Why a Mortgage Pre-Approval Can Be Beneficial
March 30, 2017There are multiple advantages when shopping for a home with a pre-approval letter in your pocket. In fact, it’s almost standard practice especially in areas where it’s a seller’s market and the seller has the upper hand during negotiations as homes are selling relatively quickly and for a higher price. Multiple offers in areas whe .....POSTED ON March 30, 2017