What Is a Mortgage Rate Buydown?
A temporary mortgage rate buydown lowers your monthly principal and interest payment during the first few years of your mortgage. […]
Buying a Home, Credit & Finances, Frequently Asked Questions, Homeownership
Credit & Finances
The Fed Cut Rates — Why Didn’t Mortgage Rates Drop?
You hear it on the news: “The Federal Reserve cut interest rates.” Naturally, home buyers and homeowners immediately wonder whether
Buying a Home, Credit & Finances, Frequently Asked Questions, Refinancing
Maxing Out Your Credit Cards Can Hurt More Than You Think
One of the quickest ways to damage your credit score is by maxing out your credit cards. Your credit score
Buying a Home, Credit & Finances, Refinancing
Don’t Ignore Small Medical Collections
Many people assume a small medical collection isn’t worth worrying about. Unfortunately, even a relatively small collection account can affect
Buying a Home, Credit & Finances
I Already Have Disputed Accounts on My Credit Report. Is That a Problem?
“I disputed some accounts on my credit report before applying for a mortgage. Will that cause a problem?” It depends.
Buying a Home, Credit & Finances
I Paid Off My Collections. How Long Will It Take for My Credit Score to Update?
“I just paid off my collections. When will my credit score go up?” The answer is…it depends. When a collection
Buying a Home, Credit & Finances, Refinancing
How a Co-Signed Loan Can Affect Buying or Refinancing a Home
Thinking About Co-Signing? Before you agree to help a friend or family member, talk to your mortgage loan officer. Even
Credit & Finances, Frequently Asked Questions
Non-Disclosed Debt: Why It Can Delay or Even Derail Your Mortgage
Whether you’re buying a home or refinancing your current mortgage, it’s important to tell your loan officer about all of
Credit & Finances
Will Shopping Around for a Mortgage Hurt My Credit Score?
Will Multiple Mortgage Credit Inquiries Lower My Credit Score? Many homebuyers worry that applying with more than one lender will
Credit & Finances
Can I Use Overtime or a Second Job to Qualify for a Mortgage?
Yes, in many cases. Overtime income may be used to help qualify for a mortgage if it has been received