If you have collection accounts on your credit report, properly handling resolution of these accounts is critical to insure your credit score isn’t damaged for years to come.
There’s an old expression in real estate that says “The wrong home loan at the lowest interest rate is a lot more expensive than the right home loan at a higher interest rate.”
The number one obstacle for most first time home buyers is having enough savings to cover your down payment.
A new home is one of the biggest purchases homeowners will make in their lifetimes. Regrettably, sometimes costly mistakes are made by various parties of the transaction – builders, remodeling contractors, or even the new homeowners, themselves.
As home prices continue to grow and housing affordability diminishes, a new report maintains that the cost of buying a home is still only about half the cost of renting.
Home ownership is the ultimate dream for many in the United States, but going through it for the first time can be a daunting process.
If you surveyed one hundred homebuyers (or Realtors) and asked what is the number one benefit of homeownership, the overwhelming majority would say “tax benefits”. But how many of us really understand the mortgage interest deduction?
You might be ready to buy a home, but are you armed with the knowledge you need? Do you know about credit score requirements?
A lot of homebuyers mistakenly believe that their household income and assets are enough to qualify them for a loan and low mortgage rates, but credit reports can derail borrowers of all kinds — even those with high incomes and large bank accounts.