Mortgages

Our Credit.com experts are here to help you better understand mortgages so that you can make smarter home loan decisions. Find out what you should consider when shopping for a home loan, plus ways to get the best rates & deals. Learn how to approach re-financing, foreclosures and short sales. Understand how mortgage decisions can affect your credit score.

The Most Important Factors to Selling Your Home

The Most Important Factors to Selling Your Home

The Most Important Factors to Selling Your Home

The housing market has experienced plenty of highs and lows throughout the past decade, and, luckily, we are experiencing a resurgence in home values. With home values on the rise and interest rates remaining low, this could be a great time to put your house on the market in many parts of the country. There… Read More

It Might Be Getting Easier to Get a Mortgage With Little Money Down

It Might Be Getting Easier to Get a Mortgage With Little Money Down

It Might Be Getting Easier to Get a Mortgage With Little Money Down

Melvin Watt, director of the Federal Housing Finance Agency, announced Monday plans to increase mortgage access to borrowers with good credit but limited funds available for a down payment. In a speech at the Mortgage Bankers Association annual convention in Las Vegas, Watt said the FHFA would issue guidelines for making lending to consumers who can… Read More

3 Credit Card Strategies That Could Help You Buy a Home

3 Credit Card Strategies That Could Help You Buy a Home

3 Credit Card Strategies That Could Help You Buy a Home

Your ability to purchase a home with a mortgage depends on how much net income you have after all monthly debts. If your debt payments absorb your income, particularly credit card payments, you may have to put the brakes on the mortgage application. Most homebuyers realize in order to purchase a home they need at… Read More

Mortgage Rates Dip Below 4%

Mortgage Rates Dip Below 4%

Mortgage Rates Dip Below 4%

People thought it wouldn’t happen this year, but it did: Average 30-year fixed mortgage rates dipped below 4% last week, hitting their lowest level in 2014, Freddie Mac said in a news release. The 30-year fixed-rate mortgage averaged 3.97% last week, down from 4.12% the week prior and 4.28% the same time last year. That… Read More

How to Avoid Paying Too Much for a New Home

How to Avoid Paying Too Much for a New Home

How to Avoid Paying Too Much for a New Home

We all know buying a home is a big decision with its own set of challenges. The most difficult part usually comes first — calculating how much house you can afford. You will want to take a look at your free annual credit reports and credit scores too, since your credit scores are a major factor in the interest… Read More

How to Make Your Home Stand Out on the Market

How to Make Your Home Stand Out on the Market

How to Make Your Home Stand Out on the Market

If you are looking to buy a home, it’s nice to have a lot of options. During a buyer’s market, there are more homes for sale than people to buy them. This puts buyers somewhat in control of the negotiation. And it means as the seller, you have to do something to stand out to… Read More

4 Things You Shouldn’t Overlook When Buying a Home

4 Things You Shouldn’t Overlook When Buying a Home

4 Things You Shouldn’t Overlook When Buying a Home

The process of homebuying can be overwhelming — from figuring out how much house you can afford to determining what you truly need in that home. Between all the numbers and logistics, it is easy to leave a few things off the checklist. Check out the below list of common things buyers overlook so you don’t. Environmental… Read More

How Soon Can I Buy a House After Bankruptcy or Foreclosure?

How Soon Can I Buy a House After Bankruptcy or Foreclosure?

How Soon Can I Buy a House After Bankruptcy or Foreclosure?

Bouncing back from bankruptcy or foreclosure takes time. But that doesn’t mean you have to shelve your homebuying aspirations for some interminable stretch. They’re called “boomerang buyers” for a reason. Consumers may be able to close on a home loan just a couple years removed from one (or both) of these fiscal hiccups. A lot… Read More

The States With the Highest Foreclosure Rates

The States With the Highest Foreclosure Rates

The States With the Highest Foreclosure Rates

U.S. foreclosure activity declined in September, reaching the lowest number of properties with a foreclosure filing since July 2006: 106,866. That’s down 9% from August and down 19% from last September, according to the monthly RealtyTrac foreclosure report, marking the 48th consecutive month of year-over-year declines in the foreclosure rate. September was also the final… Read More

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