June 16, 2020
handshake agreement

3 Reasons to Get Preapproved for a Mortgage Loan

Before you start searching for a home, there is one thing you absolutely must do: get a preapproval for a mortgage. Without a preapproved mortgage, it may make finding your dream home a lot more difficult. Even if you are certain that you will be approved for a mortgage, it helps to be sure by obtaining a preapproval first. Prequalification vs Preapproval for a Mortgage […]
June 9, 2020
neighborhood homes

How Much Debt Is Too Much If You Want to Buy a Home?

Having a lot of debt has become commonplace these days to the point that no one even thinks about it until they want to buy a home. In fact, it has become normal to have thousands of dollars in debt although this can significantly harm your chances of being approved for a mortgage. Here is the maximum amount of debt you should have and what […]
June 2, 2020
house for sale home

What Is the Minimum FICO Score for a Mortgage?

For most Americans, buying a home is one of the most significant purchases they will make in their lifetime. As a result, it is in your best interest to set yourself up as best as you can to improve your odds of success in the mortgage application process. Your FICO score is the difference between getting an amazingly low rate or having to agree to […]
May 26, 2020
master card visa credit card

How to Start Building Your Credit

When it comes to obtaining a mortgage, your credit score determines how trustworthy you are to lenders. The better your credit score, the lower your mortgage interest rate and monthly payments will be. Furthermore, having a better credit score increases your chances of getting approved and gives you more options to choose from. The easiest way to start building your credit is to apply for […]