Mortgage Closing Costs 101. It goes without saying that buying a home is a major financial investment. It is advisable that you understand how much more goes into budgeting for a new home other than monthly mortgage payments. Closing costs are one of those budget entries. Click to view “Who Pays for What?”. Closing costs… Read More
Video: How Important is Your Credit Score? Even non-home-related things can be dependent on your credit score. Did you know that more likely than not, an employer will check your credit when you apply for a job? Auto insurance companies can charge you higher premiums or even turn you down. Cell phone companies, credit cards,… Read More
Many of us underestimate the consequences of a low credit score, the survey found: only one-fifth of those surveyed know a low score can… …can cost them hundreds of dollars in fees…
This past fall marked the dreaded TRID start date. Promises by lenders that closing schedules would not be affected proved to be, not surprisingly, empty. TRID has indeed had an impact on closing dates. However, home sellers seem to be accepting of the changes and I believe education is the key. Walking through a timeline… Read More
If you’ve been thinking about buying a home in 2016, there may be no better time than right now. Mortgage interest rates are incredibly low, and though our Real Estate Market has certainly recovered, it’s still not out of reach of the average home buyer or first-time buyers. If home buying is not in the… Read More
If you experienced a financial event that dinged your credit such as a short sale or foreclosure, you’d naturally want to know if your credit score has recovered. Be very careful where your credit information comes from, the only truly free online credit report can be obtained at www.annualcreditreport.com. More Resources for Home Sellers… Read More
Mortgage companies and loan officers will tell you that it is not uncommon for a credit report to contain errors, and those mistakes can cost you! The interest rate you receive on a mortgage depends in part on your credit score, and mistakes in your credit report can have a negative affect on your score…. Read More
There’s lots of great advice in the video below. Your credit matters, and not just when you’re buying a home. Your credit score can also affect Insurance rates, job opportunities, and major purchases like a car or furniture. If you are thinking of buying a home there are a couple other points relating to your… Read More
What Is A Credit Score? When lenders evaluate a loan application, a process called underwriting, they evaluate your ability and willingness to repay the loan by reviewing the income and stability of past earnings. This practice helps the lender to determine if the borrower can afford the loan payments. The review of past credit history is… Read More
In spite of what you’ve heard it IS possible to buy a home shortly after Bankruptcy, Foreclosure, or a Short Sale. Offered by a reputable company, Peoples Mortgage, and a resourceful, caring Loan Originator, Don Hoover, this is a fantastic option. The video is very quick but you can get more information, just call or email me for details. Bill Salvatore, Realty Executives East Valley – 602-999-0952 – golfarizona@cox.net.
