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Five Credit Mistakes to Avoid When Getting Ready to Buy a House

February 20th, 2019

There are, I am sure, more than five credit mistakes to avoid when buying a house, but this list is a good place to start. Thanks to HomeKeepr for the list to share. First Credit Mistake: Not knowing what is in your credit file. I have been very surprised (as have clients) when judgements or [...]

Beware of Deceptive Mortgage Advertising

September 11th, 2014

Beware of Deceptive Mortgage Advertising Another Mortgage Minute with Dan Murtagh! Thank you, Dan! "With all of the regulation in the mortgage industry these days I am fascinated at some of the deceptive advertising that I still hear on the radio and on the internet. If you are shopping for a mortgage and you see a [...]

Five Things Lenders Want to Know About Your Credit from Motley Fool

August 11th, 2014

Five things lenders want to know about your credit is a post from Motley Fool, and it has very good information for homebuyers. I've adjusted them a little to put my take on them. 1) Tell your lender everything about your finances. Yes. Everything. Your credit report will show it all, or something may show [...]

Considering an ARM Loan?

July 2nd, 2014

Considering an ARM? Why you should or shouldn’t consider an ARM (Adjustable Rate Mortgage.) Adjustable rate mortgages (ARMs) are perfect for some borrowers because ARMs provide a low interest rate for an initial payment period, making the initial monthly payments less than those a fixed-rate mortgage usually offers. Adjustable rate mortgages acquired a bad reputation [...]

Why You Should or Shouldn’t Consider FHA

May 29th, 2014

FHA loans can be a good loan program for many buyers; however it is not the only low down payment option. Conventional 5% down financing is available, and in most cases, the mortgage insurance is much less than FHA -- in some cases it may be 50% less! So while FHA may offer a lower [...]

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