First Time Home Buyers Laura Miller Edwards Realty Group July 4, 2023
“Your credit score is one of the most important factors lenders consider when you apply for a mortgage. Not just to qualify for the loan itself, but for the conditions: Typically, the higher your score, the lower the interest rates and better terms you’ll qualify for.”
“. . . you don't need a perfect credit score to buy a house. . . . Aiming to get your credit score in the ‘Good’ range (670 to 739) would be a great start towards qualifying for a mortgage. But if you're wanting to qualify for the lowest rates, try to get your score within the ‘Very Good’ range (740 to 799).”
“While many lenders use credit scores like FICO Scores to help them make lending decisions, each lender has its own strategy, including the level of risk it finds acceptable. There is no single "cutoff score" used by all lenders and there are many additional factors that lenders may use to determine your actual interest rates.”
Stay up to date on the latest real estate trends.
While it’s true that institutional investors are a player in the single-family rental marketplace, they’re not buying up all of the houses on the market.
It’s true that buying a home has become more expensive over the past couple of years, but people are still moving.
For more than 79 years, Veterans Affairs (VA) home loans have helped millions of veterans buy their own homes.
Before you decide to dip into your retirement to buy a home, be sure to consider all possible alternatives and talk with a financial expert.
Here’s what you really need to know about a few myths causing fear in today’s housing market.
The key to a successful sale is finding the perfect listing agent to work with you throughout the process.
Now that the pandemic has passed, many grandparents want more than ever to be near their grandchildren.
Getting pre-approved is an important first step when you’re buying a home.
The low supply of homes for sale isn’t a new challenge. There are a number of long-term and short-term factors leading to the current inventory deficit.
Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact us today.