The credit score to get a mortgage to buy a house is a lot less than you think. Here’s what the magic credit score is and what options you have available if your credit score is not the greatest and you’re looking to purchase or refinance a home… Despite what you read on the internet…
During this time of year, it’s customary for borrowers to feel the need to apply for a mortgage after they file their tax returns. Unfortunately, this is more of an emotional desire than a practical one for most would be mortgage borrowers. Lenders do not need your tax returns necessarily for a loan application unless…
The new 2017 tax plan is spelling unwelcome news for mortgage borrowers who hold home equity lines of credit. Here is what to know if you have a home equity line of credit or a second mortgage on your home… What are home equity lines of credit? Home equity lines of credit are essentially enormous…
Consumers thinking about getting a mortgage should know where they stand. Here is what you might not know about your credit score when it comes to applying for a mortgage. The truth is not all credit reports are created equal. Many of the consumer credit reporting services that are available in the market place today…
On December 22, 2017 president trump signed into law the new tax plan changing the tax deduction of home ownership. Here’s what this means for you and your home buying efforts in 2018 and beyond. Prior to December 22, 2017 homeowners could write-off mortgage interest for the acquisition of a primary home or a secondary home…
Discount point are nothing more than upfront head you pay to purchase a lower interest rate and subsequently a lower monthly payment. In some case the you may not have a choice to pay discount points. Following are those ways… It is reasonable to assume when refinancing with a lower than 660 credit score on…
One of the questions home buyers have when house hunting is the relationship between their monthly mortgage payment and how much purchase price they are looking to take on. Here’s what you can use as a guide when you’re house hunting to help determine that bridge that gap… In most instances, for every $100,000 of…
The Federal Housing Finance Agency just released the new 2018 national loan limits. These loan limits provide increases in most counties throughout the United States. Here’s how the changes will benefit you when buying or refinancing a home. The loan limit increase changes the conforming loan limit from $424,100 to $453,100. This increase allows for…