Buying a home is a big deal, and coming up with that down payment is not as easy as it sounds. Strike that, it doesn't sound easy at all. Coming up with $10,000 for a down payment is nothing to sneeze at. In today's market, having a ...
View MoreBuying a home is a big deal, and coming up with that down payment is not as easy as it sounds. Strike that, it doesn't sound easy at all. Coming up with $10,000 for a down payment is nothing to sneeze at. In today's market, having a ...
View MoreHow Your Credit Score Can Affect Your Mortgage Rate and Monthly Payment - Your credit score and credit history directly influence your mortgage rate and your monthly payment deals. You might be wondering how it does. Here is a breakdown of how credit score impacts your mortgage and monthly payment ...
View MoreBuying a home for the first time is exciting as well as quickly overwhelming when taking the first steps of looking for a mortgage lender. Where do you start? Who can you trust? Are there lenders that are better for first time buyers than others? What should you know before ...
View MoreSelf-employed workers hoping to apply for a mortgage will find some tougher qualifying requirements from lending banks since the beginning of the pandemic. Fannie Mae and Freddie Mac, the largest mortgage backers in the country raised their basic qualifying parameters for home buyers that own their own business or are ...
View MoreAdjustable-Rate Mortgages(ARMs) have been pretty much non-existent over the past few months as applicants that can qualify for conventional loans due to lower rates sought out fixed-rate mortgages instead. Recently the common 5/1 ARM (where borrowers sign on for the first five years at a fixed rate and ...
View MoreHomeowners and renters alike have seen struggling finances during the COVID-19 pandemic. Many have been worried about missing payments and even mortgage or rental payments even with the stimulus check and/or unemployment. While many of us are working from home, some are finding themselves struggling to make ends meet ...
View MoreThere are many new regulations that are making it a little bit more difficult to buy a home. While the subprime mortgage crisis is history for most Americans, federal regulators have implemented new rules to avoid this housing meltdown again. The economy and the housing market have both stabilized in ...
View MoreWhen buying a house and applying for a loan you don't want to make any major financial faux pas's or mistakes but some things that actually sound good, could harm your credit score without you knowing it. Here are 4 things not to do when applying for a ...
View MoreEarnest money - that illusive phrase that many first time home buyers are unaware of. The term "earnest money" is a good faith deposit given by the buyer to the seller to let the seller know that the buyer is so serious about buying the property they are willing to put ...
If you're planning on buying a house this year, and a lot of people still are, you want to have the highest credit score and report possible. If your credit history has been less than perfect, there are some ways that you can rapidly increase your credit score. Anything ...