When applying for a home loan, avoid depositing large sums of cash, making large purchases, cosigning loans, switching bank accounts, and applying for new credit. Also, do not close any accounts. It's crucial to communicate changes with your lender to ensure a smooth loan approval process and seek their advice before making financial decisions.
If you’ve owned your house for at least a couple of years, there’s something you’re going to want to know more about – and that’s home equity. If you’re not
If you want to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year
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If you're considering homebuying in 2024, prioritize improving your credit score, planning for the down payment, getting pre-approved, and defining your priorities. Partner with a trusted real estate agent for expert guidance in achieving your goals.
Many retirees are considering if their current home still meets their needs. Factors like length of stay and accumulated equity play a crucial role in this decision. With the potential to unlock significant equity and pursue retirement goals, it's important to assess whether a move aligns with changing lifestyle needs. Connecting with a real estate agent can provide valuable guidance in this process.
As the new year approaches, considering buying a home? Start by building a solid credit score. CNBC explains a higher score can save thousands on mortgage interest. While 770 is the median for mortgages, aim for the "Good" (670-739) or "Very Good" (740-799) range. Work with a lender to understand your specific situation and improve your chances.
