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3 Classic Credit Mistakes to Avoid If You’re Trying to Secure a Mortgage Loan

The mortgage application process can be fraught with a lot of stress on its own, but if you’ve experienced issues with your credit in the past it can be even more taxing. While there may be a lot of things you may not be aware of when it comes to their impact on your credit, here are some things to watch out for if you’re planning on purchasing a home in the short-term future. . . . → Read More: 3 Classic Credit Mistakes to Avoid If You’re Trying to Secure a Mortgage Loan

Til’ Debt Do Us Part: How to Get a Mortgage If One Spouse Has A Poor Credit Score

A poor credit history is a reality for many people, but it can be particularly daunting when it comes to investing in a house. Fortunately, simply because you or yours have experienced bad credit doesn’t mean that you should be penalized in the future. If your spouse has struggled with bad credit in the past but you’re both preparing to move forward and invest in a home, here are some tips for getting it together financially. . . . → Read More: Til’ Debt Do Us Part: How to Get a Mortgage If One Spouse Has A Poor Credit Score

Your Debt-To-Income Ratio and How It Affects Your Mortgage

When you’re delving into the market in the hopes of finding your dream home, it’s likely you’ll come across the term debt-to-income ratio. This may not seem important at first, but your DTI is the key to determining the amount of money you can put into your home and just how much you should spend on a monthly basis. If you’re curious about what this means for you, here’s how to calculate it and how it can impact your mortgage. . . . → Read More: Your Debt-To-Income Ratio and How It Affects Your Mortgage

Wondering How Much Mortgage You Can Afford? Here’s How to Calculate It

Many people are aware of the financial commitment that is involved when investing in a home, but what that amounts to is different for every person. From what you can afford to what a lender will allow, there are plenty of details involved in determining the right home for you. If you’re not quite sure what the right price is, here’s how to approach home ownership and determine your debt-to-income. . . . → Read More: Wondering How Much Mortgage You Can Afford? Here’s How to Calculate It

3 Simple Tips for Boosting Your FICO Credit Score Before Applying for a Mortgage

There are a variety of factors that are involved in getting your mortgage approved, but few things will have more of an impact than your FICO score and the credit history that goes along with it. Instead of leaving your score up to chance when submitting your application, here are a few ways that you can boost your financial wellbeing and leave your credit score better off than it was before. . . . → Read More: 3 Simple Tips for Boosting Your FICO Credit Score Before Applying for a Mortgage

Mythbusting: Understanding Mortgage Myths and Why They Shouldn’t Hold You Back

With the fluctuations in real estate and the increasing cost of home ownership, many people are entering the market with more trepidation these days. If you’re interested in purchasing a home but are unsure about whether it will get approved, here are a few myths you may want to dispel. . . . → Read More: Mythbusting: Understanding Mortgage Myths and Why They Shouldn’t Hold You Back

Planning to Get a Mortgage in 2017? 4 Reasons Why It’s Time to Start Paying Down Other Debts Now

Buying a home is an ideal investment for many people because not only is it a place that belongs to them, it can also be very beneficial financially. While you may be strongly considering buying a home for these reasons, it’s also important to be in good financial health so that your ideal home purchase is within reach. If you’re currently perusing the market for prospects, here are some reasons you should pay down debt before taking the leap into home ownership. . . . → Read More: Planning to Get a Mortgage in 2017? 4 Reasons Why It’s Time to Start Paying Down Other Debts Now

Will Missing Mortgage Payments Impact My FICO Score? Yes – and Here’s How

If you’re like most homeowners, you probably believe that one missed mortgage payment won’t have a noticeable impact on your FICO score. People get behind now and then, and besides, you’ve been faithfully making payments on time for years. How bad could it be? . . . → Read More: Will Missing Mortgage Payments Impact My FICO Score? Yes – and Here’s How

Freelancing in 2015? Three Tips for How to Secure a Mortgage if You’re a Self-Employed Entrepreneur

If you are self-employed, either as a freelancer or as the owner of your own business, your income can fluctuate greatly from year to year. That can make it difficult to get approved for a mortgage, although there are some things you can do to improve your chances. Here are three tips for securing a mortgage if you are self-employed. . . . → Read More: Freelancing in 2015? Three Tips for How to Secure a Mortgage if You’re a Self-Employed Entrepreneur

Be Prepared for Your Mortgage Pre-approval Interview by Having Answers to These 4 Questions

So – you’ve completed an initial mortgage pre-qualification and now you’re ready to take the next step and meet with your lender or mortgage advisor for the pre-approval interview. Are you ready? Let’s take a quick look at a few questions you should know the answers to before you go in for a mortgage pre-approval. . . . → Read More: Be Prepared for Your Mortgage Pre-approval Interview by Having Answers to These 4 Questions