You have decided that you are going to take action to purchase your own home and have applied for a home loan with your Mortgage Loan Officer. Of course, you are going to obtain your Credit Approval from underwriting to ensure a smooth process. You’re undoubtedly excited and nervous about the opportunity and want to […]
4 Tips for Making a Competitive Offer
October 12, 2019 by ·
So, you’ve been searching for that perfect house to call ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure you make a good offer so that you can guarantee that your dream of making this house yours comes true! Below are 4 steps provided by Freddie […]
How Quickly Can You Save Your Down Payment?
August 19, 2019 by ·
Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state. Using data from HUD, Census and Apartment List, we determined how […]
Looking to Upgrade Your Current Home? Now’s May Be The Time to Move-Up!
August 12, 2019 by ·
In every area of the country, homes that are priced at the top 25% of the price range for that area are considered to be Premium Homes. In today’s real estate market there are deals to be had at the higher end! This is great news for homeowners who want to upgrade from their current house […]
Do 46 Million Millennials Know They Are Mortgage Ready?
July 24, 2019 by ·
Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as part of attaining the American Dream. Millennials have taken longer to obtain traditional milestones than the generations before them, such as getting married, having kids, and buying a home. However, that does not mean that they […]
7 Things To Avoid After Applying For A Mortgage
April 10, 2019 by ·
Congratulations! You’ve found a home to buy and have applied for a mortgage! You are undoubtedly excited about the opportunity to decorate your new home! But before you make any big purchases, move any money around, or make any big-time life changes, consult your loan officer. They will be able to tell you how your […]
What Credit Score Do You Need To Buy A House?
March 21, 2019 by ·
There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are misinformed! Only 25% of the Americans have a FICO® Score between 740 and 800. Here is the breakdown […]
How Does Credit Scoring Really Work?
February 10, 2019 by ·
Credit scores are based on a consumer’s credit record maintained by the credit reporting agencies. Computers are used to analyze a person’s credit report data in order to generate a statistical number, referred to as a credit score. This number is used as an indicator to the likelihood a person will pay the loan back. When […]
Prepare the New Year With Credit Score Tips
December 28, 2018 by ·
Start the New Year out right with some tips of how to manage your credit score. Bad credit can keep people from buying a home, financing an education, and even from getting a job. This is why it’s so important to build good credit. Starting with your first credit card, everything that involves credit becomes part of ones credit […]
What Makes Up a Credit Score??
December 12, 2018 by ·
A credit score is an extremely important financial tool. It provides access to the financing you need in order to buy a car, a home, or pay for college tuition, among other things. Since higher scores result in lower costs, it’s vital to understand the factors involved in calculating your score. Here are the […]
