When you apply for a home the lender analyzes your credit score, your income credit score, and assets in determining your eligibility to buy a home. If anything changes in the process, … [Read More…]
buying a house
Why failing banks is good news for mortgage rates
In the last few weeks, a handful of big banks have failed including Silicon Valley bank signature bank, and now First Republic Bank. While this is not a repeat of 2008, it … [Read More…]
Why hourly wage earners sometimes have a hard time getting a home loan
You’re all excited to purchase your first home, you have a good job, you have a good down payment, and you’ve got a good credit score. What could go wrong, right? Here’s … [Read More…]
When you’re applying for a home loan, make sure you tell your lender everything
If you’re thinking about getting prequalified to buy a home, maybe you have some issues with your credit history in the past, or maybe you cosigned for someone else’s property. These are … [Read More…]
How your interest free consumer debt may be keeping you from buying a home
If you’re thinking about purchasing a home and you’re carrying any consumer debt, such as installment loans, personal loans, or even low-rate credit cards. These things could adversely affect your ability to … [Read More…]
Why Silicon Valley Bank failed and why it’s good news for mortgage rates going forward
The recent failure of Silicon Valley Bank points to a broader issue that banks particularly depository institutions face as relates to their financial stability. Here is how this benefits your finances when … [Read More…]
5 ways you will not get a home loan to buy a home
Most people given a choice would desire to purchase a home, arguably, given their financial situation, and their ability to handle a monthly housing payment. Oddly enough, there are times from a … [Read More…]
Is a down payment assistance loan to buy a home a good idea?
For those looking to purchase real estate particularly first-time home buyers, the notion of a down payment assistance loan where you need very little or no money to close escrow could be … [Read More…]
