Get The Facts: Will Pre-Approval Hurt My Credit?
Getting mortgage pre-approval is one of the first steps toward buying your dream home. Pre-approval boosts the likelihood that the seller will accept your offer and gives you a detailed quote for your homebuying budget. But homebuyers often hesitate because they think that pre-approval hurts their credit score. Will it? The truth is that it will […]
How Working With A Mortgage Professional Can Save You Money
Whether purchasing your first house or refinancing your existing mortgage, you might have considered working with a mortgage professional. A mortgage professional, such as a loan officer or broker, can help you save time and money, offer sound advice when dealing with tough situations, and help guide you through the whole borrowing process. Home buyers […]
Choosing the Best Mortgage Options for Unique Circumstances
Not all loan products are the same, nor are borrower situations. For first-time homebuyers, you’ll most likely hear about the most popular 30-year fixed-rate conventional loan, and there’s no arguing that it’s a great loan product for most buyers but not in all circumstances. However, other mortgage options could be better, depending on your financial […]
Top Ways to Raising Your Credit Score –Fast!
There are plenty of reasons why you should boost your credit score. But if you’re preparing to purchase a house, know that an exceptional credit score can increase your chances of getting a lower interest rate on your home loan. If you want to raise your credit score, there are several quick, simple things that […]
How To Save For A Down Payment on a Tight Budget
Many homebuyers across the U.S. wonder how to save for a down payment with a tight budget. With rent rates climbing, inflation rising, and house prices still high, saving money for a down payment has become more tricky. The good news is that you can use several tips and tricks to save money and cut […]
Feds Hike Interest Rate: What This Means for Mortgages, Car Loans, and More
The Federal Reserve raised interest rates for the second time in recent months to rein in inflation. And whether directly or indirectly, consumers will start to feel the effects of increasing borrowing costs. Here’s how that breaks down for you: Credit Cards Credit card rates are loosely intertwined with the Federal Reserve’s actions, so if […]
Best Home Loan Options for Single Parents
Are you a single parent who dreams of owning a home but nervous that you’ll encounter too many challenges? We’ve got good news for you! There are home buying assistance programs that can help you purchase a home. If you’re a single mom or dad who wants to buy a house, we’re here to list […]
How Do Second Mortgages Work?
Many homebuyers don’t know they can take a second mortgage on their homes. The first loan, the primary mortgage, is taken while purchasing a property. A second mortgage is a type of mortgage that lets you borrow against the value of the same property while your first loan is not fully paid. Knowing how second […]