Tag: Pre-Approval

Understanding the Factors That Impact Your Credit Score

Understanding the Factors That Impact Your Credit Score

June 27, 2018 |

Most consumers believe if they pay their bills on time, they need not worry about their credit score. Oftentimes, it is a rude awakening when they apply for a mortgage loan, car loan, or any revolving credit to learn they are not going to get the lowest rates available due to their credit score. This is because paying bills on time only accounts for 35 percent of your credit score. The remaining 65 percent is spread out among other factors that impact your credit score.

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3 Tips For Getting The Most Out Of Your Time House Hunting

3 Tips For Getting The Most Out Of Your Time House Hunting

June 22, 2018 |

In the ideal home-buying scenario, you’d have plenty of time to find the perfect home. However, this is not always possible. Maybe you are relocating for a job and have to buy a house from across the country. If this is the case, you might have to limit the time that you spend house hunting.

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House Hunting When You Are In A Time Crunch

House Hunting When You Are In A Time Crunch

June 20, 2018 |

In an ideal world, you’d have plenty of time to find the perfect home. However, that does not always happen. Maybe you are relocating because of a job transfer. Fortunately, it doesn’t have to take months to find the perfect home. You can speed up the process of buying a home utilizing some tried and true tips.

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Is Buying A Short Sale Right For You?

Is Buying A Short Sale Right For You?

June 15, 2018 |

If you have been looking for a new home, and you find one offered under a short sale, this may be to your advantage. While some buyers are wary about buying a home that needs to be sold with the approval of the lender, it’s a great way to get a bargain on a home that you love.

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Long-Distance House Hunting Tips

Long-Distance House Hunting Tips

June 8, 2018 |

Hunting for a house is stressful enough even if you are moving to another part of town. However, when you are searching for a house from afar, it can make the task of finding the right home for your needs seem almost impossible.

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What You Need To Know About Short Sales

What You Need To Know About Short Sales

June 6, 2018 |

On the surface, a short sale seems like the perfect deal. However, before you take the plunge, you need to understand how this type of home purchase works.

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Pros And Cons Of Buying A Foreclosure

Pros And Cons Of Buying A Foreclosure

June 5, 2018 |

When a homeowner stops making regular mortgage payments, the bank can foreclose on the property. This means that the bank takes possession of the property in an attempt to recover the debt the homeowner owes. In some cases, the bank may try to recover this debt by selling the property at auction. In other cases, the bank will simply list the foreclosed home for sale.

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5 Ways Millennial Buyers Can Snag Their Dream Home  In This Sellers Market

5 Ways Millennial Buyers Can Snag Their Dream Home In This Sellers Market

May 2, 2018 |

According to the 2017 Home Buyer and Seller Generational Trends Report, Millennials bought 34% of the homes sold; the largest of any generation last year.

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A Mortgage Pre-Approval Can Help You In Your Home Purchase Negotiations

A Mortgage Pre-Approval Can Help You In Your Home Purchase Negotiations

March 29, 2018 |

A mortgage pre-qualification is an initial estimate of what type of mortgage a borrower could get. It is limited, though, because it’s only based on what the borrower tells the lender, which might not be the same as what the lender finds out when it goes through a full process of analyzing the borrower and his credit.

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What Items Can Change My Mortgage Pre-Approval Status?

What Items Can Change My Mortgage Pre-Approval Status?

March 14, 2018 |

When you are purchasing a home, your lender may recommend you obtain a mortgage pre-approval before you find the home of your dreams. There are some benefits to being pre-approved before you find a home, but oftentimes, people confuse pre-qualifications with pre-approvals.

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