28 Dec 2022
By Aadil Nathoo

Lower Your Interest Rate During The First Couple Of Months With A Buydown

Mortgage, ,
If you are thinking about purchasing a house today, you have probably realized that mortgage rates have increased significantly. This has made it much harder for people to afford home loans, and these higher rates have had an impact on the lender’s business as well. In an effort to make it easier for people to afford a home, you might be able to access something called a buy-down loan or a buy-down mortgage. It could help you save a significant amount of money during the first few months or years of your loan. How A Buydown Mortgage Works If you…
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27 Dec 2022
By Aadil Nathoo

4 Reasons Why Your Mortgage May Be Denied After Pre-approval

Home Buyer Tips, ,
So you've been pre-approved for a mortgage – great! You've taken the first step toward becoming a homeowner. But before you start picking out china patterns, you'll want to keep in mind that a pre-approval isn't the same thing as a mortgage agreement. There's still no guarantee that you'll actually get a mortgage. But why would a lender deny a mortgage after pre-approving a borrower? Here's what you need to know. Sudden Changes In Income Or Employment History A number of mortgages will require borrowers to have consistent employment for a certain length of time. If you apply for an…
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26 Dec 2022
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – December 26, 2022

Financial Reports, ,
Last week’s economic scheduled economic news included readings on sales of previously-owned homes, housing starts,  and building permits issued. Readings on the Consumer Price Index, which tracks inflation, were also released along with weekly readings on mortgage rates and jobless claims. Sales of previously-owned homes fall in November The National Association of Realtors® reported fewer sales of previously-owned homes in November than in October. 4.09 million previously-owned homes were sold year-over-year in November as compared to 4.43 million sales reported in October. This was the tenth consecutive month showing fewer sales of previously-owned homes. Although mortgage rates and home prices…
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23 Dec 2022
By Aadil Nathoo

3 Simple Tips for Boosting Your FICO Credit Score Before Applying for a Mortgage

Home Mortgage Tips, ,
There are a variety of factors that are involved in getting your mortgage approved, but few things will have more of an impact than your FICO score and the credit history that goes along with it. Instead of leaving your score up to chance when submitting your application, here are a few ways that you can boost your financial wellbeing and leave your credit score better off than it was before. Put More On Your Card It's important to put purchases on your credit card that you can afford to pay off consistently, but many people are not aware that…
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23 Dec 2022
By Aadil Nathoo

3 Simple Tips for Boosting Your FICO Credit Score Before Applying for a Mortgage

Home Mortgage Tips, ,
There are a variety of factors that are involved in getting your mortgage approved, but few things will have more of an impact than your FICO score and the credit history that goes along with it. Instead of leaving your score up to chance when submitting your application, here are a few ways that you can boost your financial wellbeing and leave your credit score better off than it was before. Put More On Your Card It's important to put purchases on your credit card that you can afford to pay off consistently, but many people are not aware that…
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