Credit scores range between 200 and 850, with scores above 620 considered desirable for obtaining a mortgage. The following factors affect your score: 1️⃣ Your payment history. Did you pay your credit card bills on time? Bankruptcy filing, liens, and collection activity also affect your history. 2️⃣ How much you owe and where. If you […]
Loan terms, rates, and products can vary significantly from one company to the next. When shopping around, these are a few things you should ask about. General questions: 1️⃣ What are the most popular mortgages you offer? Why are they so popular? 2️⃣ Are your rates, terms, fees, and closing costs negotiable? 3️⃣ Do you […]
If you are interested in investing in real estate, there are some things that you are going to want to do and common pitfalls that you are going to want to avoid. It is important to note that investing in real estate takes time, patience, and most importantly, cash. You probably shouldn’t invest in real estate until […]
Credit scores play a big role in determining whether you’ll qualify for a loan and what your loan terms will be. So, keep your credit score high by doing the following: Check for errors in your credit report: Thanks to an act of Congress, you can download one free credit report each year at annualcreditreport.com. If you […]
