Owning a home is the American dream, but many first-time homebuyers don’t realize how important their credit report and score are to the lender evaluating their mortgage loan application. Like it or not, your three-digit credit score is your financial “report card” and it shows lenders just how trustworthy you are when it comes to managing your … [Read more...]
Your Credit Score and Buying a Home
10 Tips for First-Time Homebuyers
Buying a home can be a daunting and time-consuming process especially for first time home buyers. If you are starting the home buying process, it’s helpful to have a few tips to help navigate the process. Top 10 tips for first-time (or any) homebuyers. Know the pros and cons of buying vs. renting and make sure you are ready to commit to a … [Read more...]
What’s a Non-Conforming Mortgage Loan?
If you’ve been told that a conventional loan won’t work for you, a non-conforming loan may be the solution to finance the home of your dreams. But what exactly is a non-conforming loan? Non-Conforming Loans Non-conforming loans are mortgages that do not follow the rules for government backed loan purchasers Fannie Mae and Freddie Mac. … [Read more...]