Foreclosures and short sales are homes that are sold by the lender or the owner for less than the amount owed on the mortgage. They can offer great deals for buyers, but they also come with some risks and challenges.
Getting a mortgage is one of the most important financial decisions you will ever make. Getting the best mortgage rate can save you thousands of dollars over the life of the loan and make your monthly payments more affordable. But how do you get the best mortgage rate? Here are some tips and strategies on how to get the best mortgage rate and what factors influence it.
Mortgage lenders use a special type of credit score called the FICO to gauge your credit worthiness. The FICO score is made up of five components: payment history, amount of debt, length of credit history, types of credit used, and new credit inquiries. Learn how to manage each component that goes into it and improve your chances of getting approved for a mortgage.
Your credit score is a key factor in determining whether you qualify for a mortgage and what interest rate you’ll pay. The higher your credit score, the better your chances of getting a good deal on your home loan. But how do you boost your credit score and make yourself more attractive to lenders? Here are some tips on how to whip your credit score into shape.
VA home loans offer veterans significant benefits when buying a home: they can negotiate their interest rate, reduce or finance some closing costs and don’t have mortgage insurance premiums. We’re sharing the ways these loans can help veterans afford the homes of their dreams.