Buying a home is worlds away from just a few years ago. In 2000, approval rates were around 90 percent. Today, the home loan approval rating has fallen to a mere 30-40 percent. While decreased access to credit is a by-product of the recession (largely caused by lax lending and the ensuing defaults) and the […]
Refinancing a Home with Bad Credit
When it comes to refinancing a home with bad credit, there are certain things you need to know if you are going to be able to make sure you get the best refinancing deal possible: 1. KNOW YOUR MORTGAGE (AND ITS ALTERNATIVES): Before you even consider refinancing, make sure you fully understand your loan – […]
Buying a House When You Have Bad Credit
Bad credit is becoming a serious problem to a lot of people. It might hamper your plans of making big purchases. If you have bad credit, a foreclosed mortgage, or have just recently filed for bankruptcy, buying a house can be difficult. However it is still very possible. You can follow these essential steps on […]
Good Reasons for Not Refinancing
The decision to refinance may seem like a simple one; a lower interest rate is, after all, a lower interest rate; however, there are several good reasons not to refinance. In fact, in some cases, refinancing can actually cost you more in the long run: 1. HOW LONG HAVE YOU HAD YOUR LOAN? First, consider […]
Buying a Home: Things You Need to Know
Buying a home can be, and usually is, a complex and challenging proposition for some people. Getting started on the right foot in the home buying process can be simple however, if you follow these tips: Think about whether or not it’s the right time to buy a house. It may be that you’re becoming […]
Buying a Home With No Credit Score
All the talk these days is about how credit scores affect your ability to get a loan, mortgage, or any type of financing. But is it really possible to buy a home if you have NO Credit Score? It is possible if you’ll follow these four steps: 1. Find three or four bills that you […]
Ways to Clean Up Your Credit History
Your credit history is more important than ever. But do you know how to clean it up and keep it looking good? Have questions or comments? Use the comment link below and sound off. Remember, your email address will NEVER be published with your comments for your protection and privacy.
3 Ways to Raise Your Credit Score Fast
Having a high credit score is super-important, especially if you plan on borrowing money soon. But how can you improve it?
Credit Scores: Ways to Improve Yours
Credit scores are especially important when applying for a mortgage. With funds getting tighter and people cutting back, a strong credit score shows you are fiscally responsible and serious about your finances. Mortgage lenders and banks are not the only ones who look at your credit score. Insurance companies look at it to determine premiums […]
Mortgage Rates At All-Time Lows
Mortgage Rates At All-Time Lows Mortgage interest rates continue to see new record lows, hitting rates not seen since the 1950s. But brokers say few of the many homeowners rushing to take advantage and refinance their loans will be able to qualify. The high levels of unemployment and depressed property values in many parts of […]