Your credit score is comprised of five different factors. It’s not just about how well you pay your bills (but of course, it’s important), but also your credit usage, length of credit history, credit mix, and inquiries. Compare Offers from Several Mortgage Lenders. The factor of most importance is your payment history. Next in line […]
Best Mortgages for Purchasing Rental Properties
Purchasing rental properties can prove to be more difficult than purchasing an owner-occupied home. Lenders take a serious risk when they give you money for a home that you aren’t using as your own. Typically, homeowners pay their primary residence mortgage before they pay an investment property if they get into financial trouble. Compare Offers […]
What to Look For When Comparing Mortgage Lenders
It’s always a good idea to shop around when looking for a mortgage. What happens once you have a few quotes from different lenders, though? How do you decide which one is right? Get Matched with a Lender, Click Here. We help you understand the most important factors below. What’s the Interest Rate? The biggest […]
Follow These Tips to Avoid Costly Home Renovation Mistakes
Making home renovations can be a great way to increase your home’s value. It can also be a way to clear your wallet of any extra funds. Understanding the biggest mistakes homeowners make when renovating their home can help you make the right decisions as you make your renovations. Looking for Current Mortgage Interest Rates? […]
What Are The Biggest Challenges Facing First-time Home Buyers?
First-time homebuyers have one distinct disadvantage – they don’t have any experience buying a home. The only way to get that experience is to jump in and give it a try. Before doing this, though, buyers should know what challenges lie ahead. Compare Offers from Several Mortgage Lenders. Low Credit Scores First-time homebuyers often have […]
What are Your Mortgage Options if you Have a High DTI?
When you apply for a mortgage, your lender will look at a variety of factors, including your debt-to-income ratio. If it’s too high, chances are you won’t get the loan. Each loan program has requirements regarding the DTI. Get Matched with a Lender, Click Here. So does a high DTI mean you can’t secure a […]
Should You Pay Off Your Home Loan Before Retirement?
It’s the American Dream to own a home, but it’s also part of the American Dream to be out of debt before retirement. So does this mean you should pay off your home loan before you retire? For some people it is the right answer, but for others, it may not make sense to do […]
Essential Documents You Need to Get a Mortgage
If you are thinking about applying for a mortgage, there are certain documents you will need. Lenders need to know how well you can afford the mortgage. They figure this out by doing an in-depth analysis of your finances. Get Matched with a Lender, Click Here. In order to apply for a mortgage, you’ll need […]
Qualifying for a Mortgage With Student Loans
One of the largest factors lenders looks at when evaluating your mortgage application is the amount of debt you carry. This directly affects your mortgage approval. If you have too much ‘other debt,’ a lender won’t feel comfortable adding to the debt by giving you a large mortgage. However, if you properly manage your debt, […]
Dealing With Property Liens When Buying a House
Having a tax lien or judgment against you certainly doesn’t make it easy to get a mortgage. But, does it make it impossible? Get Matched with a Lender, Click Here. Luckily, the answer is ‘no.’ You can still buy a house despite having these negative items on your credit report. You just have to know […]