mortgages – $aving Money Tip$

admin May 27, 2015 mortgages, Real Estate

Don’t Make These 3 Mistakes As a Homebuyer

Buying a house has long been considered an essential element of the American Dream. It’s a rite of passage for many and is often the largest purchase any of us will ever make. Thanks in part to historically low interest rates, more people are buying homes today. There are many things that go into buying a home that can be easy to overlook in the excitement of home shopping. In fact, one of the worst financial mistakes you can make is getting into a house that’s not right for you. If you’re in the market for a house this year, make sure you aren’t guilty of making one of the following mistakes before signing the dotted line. Going Over Budget A budget might be the last

Credit Score & Credit Repair

admin May 27, 2015 buying a home, mortgages

Is Your Credit Keeping You From Buying a Home? You’re Not Alone

For most of us, buying a home is both exciting and scary. It’s a big purchase, often financed for many years, and no one wants to make a mistake. But many homebuyers are delaying the big jump into homeownership because of one thing — their credit scores. A new survey from Experian found that 58{7dabfd103aa443fce219eea47f0f346a11a54ce587a1a0cbb74f06b9f7a304ca} of future homebuyers are actively working on their credit in order to get a better mortgage interest rate. The actions they were taking included paying off debt, paying bills on time, keeping balances low and not applying for new credit. All of those can boost credit scores, particularly paying on time. A late payment when you are applying for a mortgage can really hurt your chances of having the loan approved. The