If you have a new mortgage, you are probably anxious for it to show up on your credit report. Housing debt can have a positive impact on your credit score, especially as you start making payments on time. Many lenders look at your housing debt as an indication of your level of financial responsibility.Get Matched with a Lender, Click Here.Unfortunately, your new … [Read more...] about When Will Your New Mortgage Show on Your Credit Report?
Do you have irregular income or maybe you don’t work at all, but you know that you could afford a mortgage? You probably won’t be able to qualify for a traditional mortgage if you don’t have W-2s or tax returns for a lender to confirm your income, but you may be able to get away by just using your bank statements.Looking for Current Mortgage Interest Rates? Click … [Read more...] about Is it Possible to get a Mortgage on Bank Statements Alone?
Mortgage lenders look at two things when deciding if you’ll qualify for a mortgage – your credit score and your debt ratio. Don’t make the mistake of assuming you are a shoo-in for a mortgage if you have a great credit score. If your debt ratio tells another story, you may find it harder to get a mortgage than you thought.Compare Offers from Several Mortgage Lenders.If … [Read more...] about The Top Four Easy to Reduce Debt for Mortgage Approval
Once you secure your mortgage, your relationship with your lender is far from over. In fact, it’s just starting. This is why it’s important to choose a lender that you trust and that you work well with because you could be dealing with them for another 30 years.Compare Offers from Several Mortgage Lenders.What happens if your mortgage lender gives you the runaround? It … [Read more...] about The Top Ways to Avoid Mortgage Lender Runaround
artGetting approved for a home loan can be exciting, but before you act too fast, you should know how to save money on it. Did you know that closing costs can amount to as much as 5% of your loan amount? That’s some serious money. Let’s say you borrow $300,000, you would pay as much as $15,000 in closing costs, and that’s money you must come up with on your own.Compare … [Read more...] about Simple Tips to Save Money on Your Next Home Loan