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.

Is a 50-Year Mortgage a Good Move?

Is a 50-Year Mortgage a Good Move?

Is a 50-Year Mortgage a Good Move?

Are you looking to afford a new mortgage? A 50-year mortgage may be an option, but here are some things to consider when looking at a long mortgage term. These loans are not bought and sold by Fannie Mae or Freddie Mac. They are smaller banks and portfolio lenders that offer unique financing and, as... Read More

How to Find a Starter Home in a Hot Housing Market

How to Find a Starter Home in a Hot Housing Market

How to Find a Starter Home in a Hot Housing Market

An overheated real estate market is never good news for buyers in search of a budget-friendly starter home. But thanks to increased confidence in the economy, leading more people to make large purchases like new homes, that’s exactly the type of real estate market 2017 is ushering in. According to a recent report from the... Read More

8 Questions to Ask Yourself When Deciding to Rent or Buy a House

8 Questions to Ask Yourself When Deciding to Rent or Buy a House

8 Questions to Ask Yourself When Deciding to Rent or Buy a House

If you’re at the age when your peers are making major life moves — getting married, having kids and buying homes – you might be feeling it’s time to join them. Or you may simply just be at that stage all on your own. Either way, plenty of young adults are starting to get the... Read More

Freelancers: Here’s What You Need to Know About Getting a Mortgage

Freelancers: Here’s What You Need to Know About Getting a Mortgage

Freelancers: Here’s What You Need to Know About Getting a Mortgage

When my husband (then fiancé) and I began preparing to purchase our first home, I was a burden. I know what you’re thinking — my writing career as a freelancer simply must not have been generating enough money to allow me to contribute, and I needed to ride on the coattails of my fiancé’s full-time... Read More

The Fastest Way to Save for a House

The Fastest Way to Save for a House

The Fastest Way to Save for a House

Once you’ve decided it’s time to buy your own home, saving for that 20% down payment is step one toward doing it. Instead of waiting years, here are six ways to help you save up for that down payment in a matter of months. 1. Explore the Market If you are saving money to buy... Read More

50 Things to Do If You Plan to Sell Your Home This Spring

50 Things to Do If You Plan to Sell Your Home This Spring

50 Things to Do If You Plan to Sell Your Home This Spring

Have you heard? It’s a seller’s market. Well, in most zip codes at least. But a hopping homebuying season doesn’t necessarily mean your home will go well over asking price just by putting up a For Sale sign. There’s still plenty a seller must do if they want to get the best price for their soon-to-be-former digs.... Read More

This Common Mistake Can Kill Your Mortgage

This Common Mistake Can Kill Your Mortgage

This Common Mistake Can Kill Your Mortgage

In order to qualify for a mortgage, you need to show your lender that you have a down payment and access to funds for closing. This money needs to come from documentable sources prior to moving it from your bank account to your escrow account. Unfortunately, a lot of people don’t do this, which can... Read More

Buying a House? You May Want to Avoid the 30% Rule

Buying a House? You May Want to Avoid the 30% Rule

Buying a House? You May Want to Avoid the 30% Rule

Ask someone the question, “How much should I spend on a house?” and there’s a good chance that they will respond with the 30% rule. The 30% rule, which says not to spend more than 30% of your income on housing, is a good place to start, but it’s not always the best gauge of... Read More

3 Home Improvements That Can Ultimately Save You Some Money

3 Home Improvements That Can Ultimately Save You Some Money

3 Home Improvements That Can Ultimately Save You Some Money

Spring has officially sprung, which means plenty of house hunters and home sellers are ’tis-ing the season. But if you’re settled in your humble abode, the warm weather can serve as a different inspiration. Yup, it’s the home improvement season, too. Of course, major renovations aren’t in everyone’s budget and it’s best not to go into... Read More

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