Mortgage rates are still historically low! Now is a great time to buy!
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Tag: finances
Down Payments-What You Need To Know
Down payments are something that need to be fully understood before purchasing a home. How much does the down payment need to be? Where can it come from? Read on for answers to these questions and more. First off, what are down payments? A down payment is money that a
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3 Surprising Things You Didn’t Know About Your Credit Score
Do you have the basic idea of what a credit score is? Read on for 3 surprising things you may not have known about the scores! Marriage predictor: The Federal Reserve did a study where they watched couples for 15 years to see how their credit scores may have affected
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Saving Money At Home
Save money on furniture: Most people know about hitting up garage sales and taking advantage of specials that stores run, but did you know about local chapters of the Buy Nothing Project? These Facebook groups are for people to post items they want to give away for free, lend, or
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Boost Your Credit Score With These 5 Actions
Boosting your credit score can be done quickly with these 5 actions. Check over your credit report and dispute any errors that you see. Once any errors are corrected, your score should quickly improve. Request a limit increase on a credit card; this will raise the amount of credit available
Continue readingUnderstanding Your Credit Score
Location: The place that you live doesn’t have any bearing on your credit score. Even if your hometown statistically has bad credit, all that matters if how you handle your finances. Employment: On some occasions, information about your employment may be on your report depending on what is reported to each bureau.
Continue reading5 Ways To Lower Your Mortgage Payment
Get rid of your PMI: PMI is the lender’s protection in case you default on your loan and cannot make your payments. Typically borrowers that can’t put down at least 20% are required to have PMI since they are seen as a riskier investment. If you live in an area
Continue readingCredit Score Upkeep
Credit score upkeep is vital to maintaining a positive financial outlook. There are a few things that can be done to make it easier to keep on top of your credit. Putting a spending alert on your credit cards can let you know when you are approaching using 30% of your
Continue readingMortgage Preapproval-What Do You Need?
Mortgage preapproval is very important when house hunting because it shows the sellers that you are actually able to purchase their home. There are several documents that are needed in order to be preapproved-here is a list of what you will need: The last two years of W-2 forms Documents
Continue reading15 Year Mortgages-Are They Worth It?
Are 15 year mortgages a good option? Many homeowners are refinancing their home loans to take advantage of lower interest rates and some are going to 15 year mortgages to pay off their loans faster. A 15 year loan often comes with a lower interest rate but a higher monthly
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