While it may not be the answer borrowers want to hear, repairing your credit is the best thing to do before you submit a mortgage application. A higher credit score could save you thousands in interest payments, and give you more loan options. Sure, these rules work as a guide for a good score, but […]
Buying a home is on everyone’s bucket list. Whether you want to buy a home because you finally want to settle down, or you are tired of paying rent and ready to invest in an appreciating asset, buying a house can be overwhelming. Starting the home buying process with bad credit can make it seem […]
A financing contingency (aka mortgage contingency) is a clause in the contract of sale that gives buyers time to apply for and obtain financing. This clause can be used when a buyer needs to wait for approval from their lender before they can close on the purchase. This clause in your purchase contract, accepted offer […]
You don’t have to change everything about your life to buy a home. You only need to be mindful of any impact to your creditworthiness when making a change.
A fast run-down of the top mistakes to avoid when applying for a home loan. A mortgage is a loan secured by your home. It’s the financing we need to buy a house. There are many options when shopping for a home loan. What matters is that you’re qualified and that your rates are great. […]