20 Jul 2023 What Homebuyers Need To Know About Credit Scores If you’re thinking about buying a home, you should know your credit score is a critical piece of the puzzle when it comes to qualifying for a home loan. Lenders review your credit to assess your ability to make payments on time, pay back debts, and more. It’s also a factor that helps determine your […] Share on Facebook Share on Twitter
20 Dec 2022 Mortgage Rates Are Dropping. What Does That Mean f... Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now rates are dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it […] Share on Facebook Share on Twitter
29 Nov 2022 Mortgage Rates Will Come Down, It’s Just a Matte... This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power […] Share on Facebook Share on Twitter
30 Mar 2022 What Is a Good DTI for a Mortgage? If you’ve poked around the internet searching for information on getting a mortgage, you’ve likely asked yourself, “what is a good DTI for a mortgage, anyway?” Allow me to answer – but first, we should define your DTI and why it’s important. DTI stands for debt-to-income ratio. It’s the percentage of your gross monthly income […] Share on Facebook Share on Twitter
30 Mar 2022 3 Ways to Build Your Credit Score for a Mortgage We all know that your credit score for a mortgage is a key part of buying a home. Yet, many buyers are confused about the role their credit score plays in their journey to homeownership. Even if your credit score isn’t perfect or if you don’t currently have established credit, you can get a home […] Share on Facebook Share on Twitter
