There is no doubt that the regulations on home mortgage lending has changed when it comes to who can or cannot receive a mortgage to buy a home. Many individuals have the American dream of home ownership and want to buy a home but the obstacle between them and obtaining a mortgage is their low credit score. Here are some tips for making improvements to your credit score:
1. The first tip concerning your credit score is simple, look at your credit score and report! You are entitled to one free credit report per year from
So many times I am asked the question, "What do I do to get started in the Home-buying Process?" The answer is simple, if you do not have cash on hand for a home purchase the first step in the process is to obtain your loan approval. If you do not already have a Lender in mind, your Realtor will be able to provide to you a list of suggested lenders that can help you.
Your Pre-qualification will provide for you:
1. Peace of mind, "Property Virgins" often wonder if they could obtain a mortgage loan. ...
Moving from one location to another can be a little frightening when you are considering big picture. Moving your entire family to a new location, wondering about where to live, deciding on a great neighborhood with increasing values, figuring out what’s the best school environment for your children, pondering the costs of the actual move and the deposits for all utilities, etc, etc, etc… Admittedly relocating is a large task. While many times it’s exciting to move from one location to another it can also be a bit daunting. However there are ...
So many times I have been asked from a potential buyer “Just what is the process?” Often, lifetime renters, newly weds, young college grads and the like are interested in buying a home but the process seems daunting with all of the “news” out there these days. Often they think its too hard, or they wont be approved, or the banks are no longer lending; I just want to say its just NOT TRUE. While buying a home does have a few challenges is can easily be accomplished with the help of your local ...
In baking a pie and having it turn out to its absolute best any pastry chef will tell you that the right ingredients are key!! Well I’m here to tell you that the same holds true for buying a home.
The PERFECT Ingredients needed for home purchasing:
1. Great selection in the inventory of homes
2. Super competitive housing prices
3. Low Interest Rates on Loans
4. Real Estate Professionals ready to assist and negotiate your terms
5. Ability to purchase (in most cases a 640 Credit Score, manageable debt & and a stable income)