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Credit

Credit Score Improvements & Renovation

New Credit Score Improvements & Home Renovations

Credit Score Improvements The CFPB (Consumer Financial Protection Bureau) shared a concern to the credit industry regarding medical debt and consumers. The director of the CFPB stated that 58% of the debt and collections on people’s credit reports is medical debt. As a result, the credit bureaus have agreed to alter the data reported on […]

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Property Taxes and Homeowners’ Insurance Increasing

With property values in much of the country up over 20% year-over-year and more and more catastrophic weather-related situations, real estate property taxes and homeowner’s insurance are likely to be significantly higher this year. If you are a homeowner and you escrow as part of your monthly payment for taxes and insurance, you receive an

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pre-approval when buying a home

Mortgage Update Summer 2021

Now is Your Unique Opportunity to Cash Out Earlier this year, rates started moving higher because of inflation fears. Since that time, the Federal Reserve is done a good job of telegraphing that this inflationary pressure we are feeling is likely transitory. Because of this, investors have become comfortable with this synopsis and rates have

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What Credit Score Do You Need for a Mortgage?

What Credit Score Do You Need for a Mortgage?

According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While stricter lending standards could be a challenge for some, many buyers may be

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7 Strategic Moves as You Prepare to Apply for a Mortgage

Rent Before You Buy – It is always a good idea to get a year or so under your belt as a tenant so you can understand some of the challenges that come with homeownership. Put yourself in the shoes of your landlord. Lenders like to see a track record of making housing payments prior

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