Rent vs Buy at the Tipping Point, 65 Percent into the Buy Zone. In several instances recently I’ve helped put folks into a home of their own for far less in monthly mortgage payments, than the cost of rental homes they were looking at or living in. In each case the homes they purchased were… Read More
Credit
Video: Think of Buying a Home? Do Your Groundwork
Video: Think of Buying a Home? Do Your Groundwork. The only thing I really take issue with in the video below is the statement that home buying can be complicated. You’ve heard me say it over and over again… If your Realtor is doing their job, buying a home should never be “scary”, intimidating, complicated… Read More
Are you ‘Unscorable’? Doesn’t Make You Unreliable
Are you ‘Unscorable’? Doesn’t Make You Unreliable. Home Buyers might feel that if they have no bad credit, they are automatically a good credit risk. This isn’t always the case. Some potential home buyers may have no credit at all and mortgage lenders frown on that. All may not be lost if you have no… Read More
Credit Scores on Closed Loans Continue to Drop: Report
Your credit score can mean so much more than a great interest rate. Insurance companies and even employers may access your credit score. Credit scores on closed loans continued to fall to their lowest levels since Ellie Mae began reporting data in August 2011, according to the latest Origination Insight Report released by Ellie Mae®,… Read More