Below you'll find a list of all posts that have been tagged as “mortgage”
“With the implementation of new mortgage rules that took effect on January 10, 2014, home buyers may discover a few new challenges in securing a mortgage as lenders will have additional restrictions in place to ensure that borrowers will be able to repay their mortgage loans.” CLICK HERE to read this quick article about new mortgage and lending rules that …
Please click the link to read an article that helps to clear up the misconception that a home buyer needs to have a large down payment (20%) to qualify for a home mortgage in the current market. Click here for Realtor Magazine article – ‘More Consumers Might Buy a Home If They Knew This’
Here Henry explains how long it could take to get a home loan completed in the current market… Hi there, I am Henry Barr with the Barr Team in Frisco, Colorado at REMAX Properties of the Summit. Some people have asked “How long do loans take nowadays?”. Well that is an interesting question. They’re taking some where between 30 and …
The link below will take you to an article explaining the recent increase in delays during the home purchase/closing process… https://realtormag.realtor.org/daily-news/2016/12/16/better-watch-out-closing-delays-rise?om_rid=AAFe7x&om_mid=_BYVCumB9WZJLFp&om_ntype=RMODaily
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 …
What is a Credit Score? Your credit score is a number between 300 and 850. This number represents the statistical likelihood that you will repay creditors. Your score is based on 5 different areas, with some parts carrying more weight than others. 1. Your payment history – makes up 35% of your credit score Do you pay your accounts on …