It is best if you seek the advice of a professional mortgage officer of your choosing to see what you could afford before taking the next step in purchasing a home. Mortgage lenders are able to take a closer look at your finances and credit scores to guide you in the right direction for buying a house. Take a look at some helpful hints to make this process more smooth.
Financing To-Do List
Get Your Finances in Order: To-Do List 1. Develop a household budget. Instead of creating a budget of what you’d like to spend, use receipts to create a budget that reflects...
Deciding Credit Score
5 Factors That Decide Your Credit Score Credit scores range between 200 and 800, with scores above 620 considered desirable for obtaining a mortgage. The following factors affect your score: 1. Your...
Improving Your Credit
What You Can Do to Improve Your Credit Credit scores, along with your overall income and debt, are big factors in determining whether you’ll qualify for a loan and what...
Loan Types to Consider Brush up on these mortgage basics to help you determine the loan that will best suit your needs. · Mortgage terms. Mortgages are generally available at 15-,...
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