mortgage

July 2018

4 Real Reasons We Buy A Home

By |July 27th, 2018|

We often talk about why it makes financial sense to buy a home, but more often than not, the emotional reasons are the more powerful or compelling ones.

No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it’s a certain […]

Will Paying Off Collection Account Improve My Credit Score?

By |July 27th, 2018|

Collection companies have done a great job over the years of convincing consumers that paying off collections will raise their credit scores. Many are actually surprised to learn that paying off collections will actually lower their credit scores.

 

Collections are usually reported on the credit as a “9” status or collection account. This means the […]

Dream Home Poll

By |July 10th, 2018|

Take our Dream Home Poll and see how your favorites rank!

 

June 2018

Take our Home Ownership Readiness quiz to see where you stand!

By |June 28th, 2018|

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Mortgage? Yes, Please!

By |June 15th, 2016|

If one could only raise their hand and say “yes, please” to obtain a mortgage, the dream of homeownership would be simple. But the path to homeownership may be a bit curvier than you expect if you are carrying too much credit card debt or haven’t established credit.
 
Establishing a credit history isn’t difficult if you focus on a slow but steady plan. Borrowing small amounts and paying them off steadily can prove to the financing institutions that you are reliable. The same goes for paying down credit cards. Credit-building strategies take skills that will serve you well in life, the skills of perseverance and reliability.
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February 2016

Learn from the Experts

By |February 15th, 2016|

If you dream of owning a home, a place where you can paint, have a media room, raise your kids, celebrate holidays or have a pet, it might be time to learn what you need to do to prepare. If you aren’t sure of exactly what you need to do to obtain a mortgage don’t worry, you are not alone. A recent national Fannie Mae survey revealed that very few people, even those who own homes, know the current minimum home ownership criteria. The least informed group was renters hoping to buy a home within five (5) years. These renters admit they don’t know exactly how much money they will need for a down payment, how high their credit score needs to be to qualify for a mortgage and very few understand the debt to income ratio requirements.
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May 2015

The Bidding War

By |May 19th, 2015|

Low interest rates and a limited inventory of available homes have set the stage for bidding wars in some areas. For example, in the Seattle area, some buyers are adding an escalation clause to their offer in an effort to achieve the highest monetary bid. Aggressive bidders may even end up paying thousands above […]

The Fixer Upper

By |May 19th, 2015|

I love home improvement shows; I love the term “good bones”.  I watch intently as they discover mold in the kitchen, termites, rotting roofs, bad wiring. I feel I know every problem that may arise. I delight in seeing the successful half hour transformation, and the anticipation as the music swells to reveal a dream home complete with a perfectly furnished interior. Tears of joy are shed, all initial trepidation fades,  every detail complete, all on budget, on time (sort of.) The introduction of home improvement TV shows has given a boost to the dream of finding a fixer home with instant equity.  There is a skill in identifying which properties will pay off. If you are considering a buying a fixer, here are some things to look for before you purchase. […]

Stress Free Mortgage

By |May 4th, 2015|

You can keep your stress to a minimum when you apply for a mortgage by following some tried and true methods of keeping your credit score in good standing. Lenders report that the same 5 credit planning steps can help most in making the mortgage experience stress free. A credit report that is on point is your key to being offered the best interest rates or loans available from your lender. […]