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To buy points or not to buy points? If you plan on having your loan for a while then you want to put more money down, buy some points, and get a lower interest rate. Even if you don’t know how long you’re going to have your loan due...
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Bad credit is one of those things that you can live with. It most likely won’t ruin your life and you will find ways to work around it. Still, there are some major and money-saving benefits to having a good FICO® Score. 9. Lower interest rates on all your...
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Poor FICO® Scores can make your life difficult, and they’re unfortunately easy to get. There are so many pitfalls and traps the unwary person can fall into in their journey through life. Read this list of 5 common mistakes people make with their credit to better equip you to...
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What is a FICO® Score? A FICO® Score determines the available credit, as well as the guidelines with which credit is given, such as interest rates. It helps the lender determine the risk involved with lending you money. FICO® Scores are calculated from the credit reports from specific...
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Mortgage brokers and banks operate differently in the delicate ecosystem of mortgage buying. You obviously want to get the best deal and the best experience overall. But which one fits you? Let us point the way. Get out your notepad. We’re going to talk about what a mortgage broker is...
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Comparing mortgage lenders might seem like a chore. There are many lenders competing for your business with seemingly more and more attractive deals. But you need to be able to rationally compare and judge them to find the one who’s right for you. This is an extremely important decision...
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Those who are looking to purchase a home may have come across the term FHA loan and not know what it is. The acronym FHA stands for Federal Housing Administration. The loan is actually not a loan. It is government-backed insurance for the lender of a home loan. It...
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For those unfamiliar with the USDA home loan program, this loan is offered by the Department of Agriculture and is available to borrowers who live in or wish to purchase rural properties. Despite a large number of loan programs now available, many potential buyers are looking into USDA home...
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In many of today’s households, money is tight. With decreasing median family incomes and increasing prices on consumer goods, some people struggle to support themselves financially. If you fall into this ever growing category of people, you may be considering taking out a home equity loan. Just don’t tap...
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The Home Affordable Refinance Program (HARP) has provided much-needed financial relief for thousands of Americans. People who have found that the value of their home has declined may be eligible to participate in HARP. The HARP refinancing program enables homeowners to refinance an existing mortgage so they can receive...
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To help negotiate today’s real estate market and mortgage, here are six simple steps to buying and selling your home: Use homebuyer programs Utilize the programs specific to your local area to help you buy your next home. Websites such as HSH.com can provide tools to those...
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As a home buyer, it is paramount that you learn the different types of mortgage loans to ensure you understand which one is the most suitable for you. If you understand the loans available, and which ones you qualify for, you will be better enabled to maximize long term...
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When you’re buying your own home, you had better go into it with an understanding of all the terms used in the mortgage business so that you really know what you’re getting into. Knowledge is power, and this is especially true when talking about large purchases like buying...
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Ask these 10 questions and use the answers you get to decide whether to go with a mortgage lender. This is a very important step of the process and should not be taken lightly. You should come to a potential lender with a list of questions already prepared. Do...
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You’re applying for a mortgage and you feel overwhelmed by the acronyms, numbers, and terminology. You don’t know where you should start. Well, you’re not alone. The majority of people are almost completely in the dark when it comes to the finer points of their mortgage agreements and don’t...
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With the housing market finally starting to regain footing, potential home buyers are in search of homes and mortgage loan programs. There are so many types of home loans out there, it’s hard to know which to choose. Maybe you’ve heard about the USDA (United States Department of Agriculture)...
To buy points or not to buy points? If you plan on having your loan for a while then you want to put more money down, buy some points, and get a lower interest rate. Even if you don’t know how long you’re going to have your loan due...
Bad credit is one of those things that you can live with. It most likely won’t ruin your life and you will find ways to work around it. Still, there are some major and money-saving benefits to having a good FICO® Score. 9. Lower interest rates on all your...
Poor FICO® Scores can make your life difficult, and they’re unfortunately easy to get. There are so many pitfalls and traps the unwary person can fall into in their journey through life. Read this list of 5 common mistakes people make with their credit to better equip you to...
What is a FICO® Score? A FICO® Score determines the available credit, as well as the guidelines with which credit is given, such as interest rates. It helps the lender determine the risk involved with lending you money. FICO® Scores are calculated from the credit reports from specific...
Mortgage brokers and banks operate differently in the delicate ecosystem of mortgage buying. You obviously want to get the best deal and the best experience overall. But which one fits you? Let us point the way. Get out your notepad. We’re going to talk about what a mortgage broker is...
Comparing mortgage lenders might seem like a chore. There are many lenders competing for your business with seemingly more and more attractive deals. But you need to be able to rationally compare and judge them to find the one who’s right for you. This is an extremely important decision...
Those who are looking to purchase a home may have come across the term FHA loan and not know what it is. The acronym FHA stands for Federal Housing Administration. The loan is actually not a loan. It is government-backed insurance for the lender of a home loan. It...
For those unfamiliar with the USDA home loan program, this loan is offered by the Department of Agriculture and is available to borrowers who live in or wish to purchase rural properties. Despite a large number of loan programs now available, many potential buyers are looking into USDA home...
In many of today’s households, money is tight. With decreasing median family incomes and increasing prices on consumer goods, some people struggle to support themselves financially. If you fall into this ever growing category of people, you may be considering taking out a home equity loan. Just don’t tap...
The Home Affordable Refinance Program (HARP) has provided much-needed financial relief for thousands of Americans. People who have found that the value of their home has declined may be eligible to participate in HARP. The HARP refinancing program enables homeowners to refinance an existing mortgage so they can receive...
To help negotiate today’s real estate market and mortgage, here are six simple steps to buying and selling your home: Use homebuyer programs Utilize the programs specific to your local area to help you buy your next home. Websites such as HSH.com can provide tools to those...
As a home buyer, it is paramount that you learn the different types of mortgage loans to ensure you understand which one is the most suitable for you. If you understand the loans available, and which ones you qualify for, you will be better enabled to maximize long term...
When you’re buying your own home, you had better go into it with an understanding of all the terms used in the mortgage business so that you really know what you’re getting into. Knowledge is power, and this is especially true when talking about large purchases like buying...
Ask these 10 questions and use the answers you get to decide whether to go with a mortgage lender. This is a very important step of the process and should not be taken lightly. You should come to a potential lender with a list of questions already prepared. Do...
You’re applying for a mortgage and you feel overwhelmed by the acronyms, numbers, and terminology. You don’t know where you should start. Well, you’re not alone. The majority of people are almost completely in the dark when it comes to the finer points of their mortgage agreements and don’t...
With the housing market finally starting to regain footing, potential home buyers are in search of homes and mortgage loan programs. There are so many types of home loans out there, it’s hard to know which to choose. Maybe you’ve heard about the USDA (United States Department of Agriculture)...