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The Majority of Mortgages Go to Households with the Strongest Credit
Aggregate household debt balances were unchanged at $11.85 trillion in the second quarter of 2015 according to the Federal Reserve Bank of New York. Housing-related debt, mortgages and home equity ...
Mortgage 101: How Late Payments Affect Your Credit Score
Payment history is the biggest component of a credit score. Late payments can come with a drop in score, additional fees and an increased interest rate.
Mortgage Rates: Why Credit Scores are Important
When it comes to applying for a mortgage, lenders want to know that the borrower has a reliable history of using and repaying credit. Lenders use FICO scores, which range from 300 to 900, as a benchmark for determining this reliability.
How to get a mortgage right now, even with bad credit
Let’s be honest, there’s a better than even chance that the average American has a FICO score that is, how to put it nicely, suboptimal. That doesn't mean they can't get a mortgage.
Why It's Finally Easier to Get a New Mortgage
Rates are again low and banks are loosening up, but sterling credit still pays.
Mortgage Comparison Shopping: 3 Questions To Ask A Mortgage Lender
Find out how to do your research on current mortgage interest rates, what questions to ask a mortgage lender, and how to comparison shop for mortgages.
7 Facts About Mortgages You Didn't Know
These facts can save you thousands of dollars and make the homebuying process smoother.
Will you ever see mortgage rates this low again?
If you're looking to buy a home this spring, you're timing couldn't be better. Mortgage rates are hitting their lowest levels in years.
When Should Buyers Lock in a Mortgage Rate?
With mortgage rates on the rise, how do your clients know when it is the right time to lock in a rate? Here are four cases of when they should lock in their rate right away.
4 Mortgage Secrets Only Your Broker Knows
Don't let your mortgage lender hold out on you! They're in on these secrets — and they could save you big.
What Are Mortgage Points? Should You Pay Them?
This article explains what mortgage discount and origination points are, and how to figure out whether to pay them.
How To Get Approved For A Mortgage When Buying A Home
One of the first steps in the home buying process is getting approved for a mortgage. There are certain steps that need to be taken. Find out what they are.
What is a Second Mortgage? Home Equity Loans
Are you interested in getting a second mortgage, home equity loan or home equity line of credit? Read on to learn about the pros and cons of this line of credit.
What the shrinking amount of mortgage debt tells us about the housing market
The amount of mortgage debt outstanding has fallen as fewer homes are bought, more Americans refinance, and older mortgages mean more principal is paid down.
Applying For A Mortgage: Why So Much Paperwork?
We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form.<br>Many buyers a
Why Reverse Mortgages are Worth a Look
Once an expensive and risky strategy, tapping your home equity might now be a smart retirement planning move.
Tips for Refinancing as Mortgage Rates Rise
Mortgage rates are going up, but don’t worry — you haven’t missed the boat on your refi opportunity.
How to save $9,000 on your mortgage
If you are looking to buy a home, don't skip these very important steps when it comes to getting a mortgage.
Why It Might Be Time To Refinance Your Mortgage
Lower interest rates are one factor, and lower fees on FHA mortgages are another.
