4 Credit Tips for Buying a Home

Mortgages

4 Credit Tips for Buying a Home

4 Credit Tips for Buying a Home

This may come as a surprise, but you don’t need a perfect credit score to buy a home or get a mortgage. In some cases, your credit just needs to be sufficient. Good, bad, ugly or indifferent, as long as your credit score matches the criteria of the mortgage size and property type you are... Read More

Do You Understand Your Mortgage’s Fine Print?

Mortgages

Do You Understand Your Mortgage’s Fine Print?

Do You Understand Your Mortgage’s Fine Print?

When shopping for a mortgage, it’s critical to have a general understanding of how points affect your mortgage rate and payments, and ultimately connect to your bottom line. Below are some guides to help you identify your net tangible benefit on a home loan. Points When you pay points, you are paying a premium to... Read More

VA Home Loan Changes: Cutting the Red Tape?

Mortgages

VA Home Loan Changes: Cutting the Red Tape?

VA Home Loan Changes: Cutting the Red Tape?

Whenever Duan Rockette meets a prospective client, the St. Louis real estate agent asks a simple question: Did you serve? That isn’t a question many real estate and mortgage professionals asked just a few years ago. But VA home loans, which require 0% down, have boomed since the housing crash, driven by a combination of... Read More

First-Time Homebuyers Have One Big Hurdle to Overcome

Mortgages

First-Time Homebuyers Have One Big Hurdle to Overcome

First-Time Homebuyers Have One Big Hurdle to Overcome

It’s no secret: Housing costs are expensive. Rising rents and a strong real estate market are making it harder for first-time buyers to get a piece of the American dream. Buying a home means getting these four areas of your finances in shape: Credit Debt Income Assets If you do not know where you stand,... Read More

Is That Super-Low Mortgage Rate Too Good to Be True?

Mortgages

Is That Super-Low Mortgage Rate Too Good to Be True?

Is That Super-Low Mortgage Rate Too Good to Be True?

Have you ever heard about the great low mortgage rates in the media, only to call a mortgage company and receive conflicting information? Here’s why that happens. First, real-time information is critical. When you hear about mortgage rates in the news, by the time you to take action, the information is already dated. Mortgage rates... Read More

Does an FHA Loan Limit Your Homebuying Options?

Mortgages

Does an FHA Loan Limit Your Homebuying Options?

Does an FHA Loan Limit Your Homebuying Options?

In many housing markets, there is more demand for homes than there is supply, which can create intense competition. Let’s say you’re pre-approved for an FHA loan and find a home you like, but your competition comes to the table with cash — here’s what you need to know. Stigma Tied to FHA Loans FHA... Read More

Will Taking a New Job Hurt My Homebuying Chances?

Mortgages

Will Taking a New Job Hurt My Homebuying Chances?

Will Taking a New Job Hurt My Homebuying Chances?

A reader asked us recently how much impact an unanticipated job change could have on his ability to get a mortgage.  “I found a better job,” he wrote. “How does this affect the loan?” We asked Scott Sheldon, a senior loan officer in Sonoma, Calif., and a Credit.com contributor, and he said the answer could... Read More

4 Ways Getting a Mortgage Just Got Easier

Mortgages

4 Ways Getting a Mortgage Just Got Easier

4 Ways Getting a Mortgage Just Got Easier

The challenges consumers have faced in recent years in procuring a mortgage may be coming to an end. Here are four major changes that could make it easier for you to get a mortgage. 1. Your Landlord Experience for Investment Properties Until recently, in order to qualify for conventional loan financing for an investment property,... Read More

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