You signed on the dotted line and have the keys to your first home in your hands. You feel like you are on top of the world until you turn the keys in the lock and wonder, now what? Looking for Current Mortgage Interest Rates? Click Here. Moving into a new home is exciting and […]
How Long do Hard Inquiries Stay on a Credit Report?
Did you know that when you apply for new credit, your credit score may be affected? We aren’t saying that it’s always affected, but there is a good chance. Even if the inquiry doesn’t affect your credit score, in particular, it does show up on your credit report in the inquiry section. This gives future […]
Advantages and Disadvantages of Co-Signing for a Home Loan
Perhaps you have a friend or relative who wants to purchase a home but does not qualify for a mortgage due to poor or insufficient credit. If your own credit is favorable, you may be able to help this individual by co-signing for the loan, providing the lender with your assurance that the obligation will […]
10 Steps Towards Financial Security
Given our current economic climate that’s riddled with uncertainty and anxiety, it’s necessary to take stock of where you lie on the financial security spectrum. Whether you have debt or not, you should have an awareness of what constitutes financial security, and you should know how your specific situation impacts your ability to attain this […]
Why You Should Begin the Home Purchase Process With a Mortgage Pre-Approval
You are ready to buy a home, so you think you should jump right in and start the home search. We hate to burst your bubble, but there is one step you should take before you shop for a home. Looking for Current Mortgage Interest Rates? Click Here. You need to get pre-approved for a […]
Common Predatory Lending Tactics you Should Watch out For
Predatory lending tactics are unfair loan terms or other unfair terms that a lender forces on you because of your situation. It often happens to those that have bad credit, buyers that don’t have a large down payment, or the elderly. It also includes the practice of a lender convincing you that you need a […]
A Low Down Payment can Cost you Big
You think you are ready to buy a home, but you are trying to decide what size down payment to make. There are many options out there depending on the type of loan you choose. Veterans can get 100% financing (make no down payment), buyers in rural areas can also get away with no down […]
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 […]
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 […]
How to Shop for a Mortgage Without Hurting Your Credit
When you apply for a mortgage, the lender pulls what’s called a hard inquiry on your credit. In other words, anyone else that views your credit will know that you applied for a mortgage. But what happens if you want to apply with several lenders to get the best rate or you want to see […]