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 […]
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 […]
Using a HELOC for a Down Payment on a Second Home
Buying a second home often has more restrictions than a primary home purchase. Simply put, the mortgage on any home other than your primary home is a high risk. What mortgage would you be more likely to pay if times got tough? Of course, it is the mortgage on your primary home. You need a […]
Is an Interest Only Home Equity Line of Credit Smart?
If you have equity in your home, you may have a use for it. Whether you need debt consolidation or have home renovations on your mind, a home equity loan might be a good choice. However, you have choices. There is a home equity loan and an interest-only home equity line of credit. Compare Offers […]
HELOC on a Non-Owner Occupied Property
Chances are you can’t secure financing on a non-owner occupied property as easily as you can your primary residence. It’s the same across the board. Even if you have perfect credit, lenders have tougher restrictions. Get Matched with a Lender, Click Here. More borrowers default on investment properties. It makes sense. If you were in […]
Does a Pool Add Value to a Home?
Does your dream home include a pool in the backyard? You aren’t alone and we can understand why. Pools are relaxing and of course, fun for the kids. But, let’s face it, your home is an investment. So we have to ask the question – does a pool add or take away value from your […]
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 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 […]
How the Length of Your Credit History Affects Your Credit Score
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 […]