How Long Can I Shop Around for a Mortgage Without Really Damaging My Credit Score?

Mortgages

How Long Can I Shop Around for a Mortgage Without Really Damaging My Credit Score?

How Long Can I Shop Around for a Mortgage Without Really Damaging My Credit Score?

“Shop around for the best mortgage rate.” It’s a good rule of thumb you’ve probably heard before. But it seems to conflict with another best practice: “Don’t file too many credit applications at once, you’ll hurt your score.” Given how integral a good credit score is to getting a mortgage and how important a competitive mortgage rate is... Read More

3 Things You Absolutely Need for a Mortgage

Mortgages

3 Things You Absolutely Need for a Mortgage

3 Things You Absolutely Need for a Mortgage

If you’ve never bought a home before or it has been many years since your last mortgage transaction, you may want to freshen up on the basics before you head to the bank. To get you started, we’re going to go over three of the main things lenders look for when reviewing your mortgage application. 1.... Read More

It’s Going to Be Easier to Get a 3% Down Mortgage

Mortgages

It’s Going to Be Easier to Get a 3% Down Mortgage

It’s Going to Be Easier to Get a 3% Down Mortgage

HomeReady, the mortgage option that allows borrowers to qualify with income from non-borrower household members, is getting an upgrade. That’s according to government-sponsored mortgage titan Fannie Mae, who announced the following features in a release on Tuesday, the day the changes went into effect. Among them, occupant borrowers on a HomeReady loan can own other residential properties,... Read More

Can I Pay My Mortgage With a Credit Card?

Mortgages

Can I Pay My Mortgage With a Credit Card?

Can I Pay My Mortgage With a Credit Card?

If you’ve ever wondered if you could take advantage of a cash-back or rewards credit card to make your monthly mortgage payment, you’ve probably envisioned the possibilities — earning 1.5% back each month on your payment, thus chipping away an extra 1.5% from your principal. Or maybe you want to earn enough rewards to pay for... Read More

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