What’s the #1 thing that prevents first timers from buying sooner? You guessed it! Saving for a down payment. It’s no secret that saving 20% can take a while… after all, it’s tens of thousands of dollars of your hard earned money. So what to do when it seems like you’ll never get there? This great article from the …
Recipe for a “healthy” credit report
What does a “healthy” credit report look like? I’ve read very similar opinions on the “ideal” credit report from a variety of courses including Money magazine, the free annual credit report website, a few different finance books, Kiplinger’s, and others. The general consensus from experts regarding a “healthy” credit report is as follows: 2 installment loans – home mortgage and …
Mortgages & Pre-Approval… by Land Title
Lending is an important part of the overall home buying process. The attached article by our friends at Land Title Guarantee Company covers the following: 1. What items make up my monthly mortgage payment? The answer: “PITI” + “HOA” + “MIP” P – Principle I – Interest T – Taxes I – Insurance HOA – Homeowner’s Association Dues …