One mistake that home buyers commonly make is not getting a pre-approval. Many home buyers believe that a pre-qualification is the same as a pre-approval, which is not true.A mortgage pre-qualification can easily be defined as an estimation of how m
Thinking of buying a home? Here are some best practices for building your credit:Keep balances low. For the best credit score, keep your balance under 30% of your card’s total limit. If your credit card has a $500 limit, don’t carry a balance
What credit score do I need to get the best rate? Great question! This is one that I hear frequently from clients. The answer is.......it depends on your situation. It depends on what type of loan program you are using, how much of a down
Ready to buy your dream home? Have you chosen your mortgage lender yet? You are much more likely to get mortgage-approved if your bank statements are clear of these three things:1. Bounced checksIf your checking account is littered with multiple ove
According to the U.S. Census Bureau, homeownership rate has resumed it's decline."Despite two years of strong monthly job gains and solid home sales at a pace of 5.5 million annually, the homeownership rate fell to its lowest level in 50 yea
If you have ever purchased a home, or even talked to someone about doing so, you are familiar with the "20 percent down myth". Fearful first-time buyers, you can officially bust that myth today.Of course, there are many different factors that go