Tag Archives: Credit Score
Top 5 Mistakes First-Time Homebuyers Make
Buying a home can be an intimidating experience if you are not well prepared. Your Realtor® should supply you with the knowledge you need to be comfortable in every situation. Here are 5 common and costly mistakes that the uninformed buyer make:
Ignoring their Credit Score: Lower score borrowers pay thousands of dollars in increased interest [...]
Full StoryFannie Mae Changes
(This does not affect FHA or VA)
Fannie Mae is changing (for the worse) their underwriting guidelines for conventional loans this weekend. In order to be eligible for the current guidelines, borrowers need to have their loan, with a specific property, approved by Friday night. These changes will be implemented over the weekend. Below is a summary of some of [...]
Tips to Improving Your Credit Score
Whether you are looking to improve an already good credit score or you have a short sale or foreclosure on your record, it’s never too late to improve your credit score. The interest rates are at a record low, but you need to have great credit to even qualify.
Here are some tips to improve your [...]
Some “Off-Season” Home Buying Tips
As you may have heard throughout the years that the winter months are the “Off-Season” months to purchase a home. Well this past year has been a little different with all the foreclosure activity in Northern Virginia. You’ve probably been reading articles, blogs, and forums that all scream that “now is the time to buy.” [...]
Full StoryFirst-Time Homebuyers Have Advantage in Mortgage Market
First-Time homebuyers and those thinking about refinancing are in a great position. For the third straight week, mortgage rates have fallen according to Freddie Mac.
“The credit markets are tight, but they have loosedned up significantly from 90 days ago,” said Todd Wilson of Wells Fargo.
This means it’s a great time to enter a mortgage transaction [...]
