Your credit score is important when you apply for a loan. The credit score you can look at for free online may be different from the one your mortgage lender pulls, which may be different from the one your auto loan lender pulls. But why is this?
One of the most delicate mortgage decisions you’ll make is whether to float or lock your rate. Your interest rate helps determine your monthly payment and your lifetime loan amount. A small change could mean thousands over the life of the loan.
For most people, buying a home will require a loan. A lender will consider many factors when reviewing your loan application, like debts and credit. You can apply for a loan on your own or with a co-borrower in order to strengthen your loan application.
Many buyers may think they don’t have enough saved for a down payment to purchase a home. The good news is special programs have been developed to offer down payment assistance, and it’s offered by more organizations and agencies than you make think.
Your loan estimate will include the closing costs. Depending on the type of loan you get, you may be able to get the seller of the property to cover some or all of your closing costs. This can be decided during your sales contract negotiation.
Looking for and financing a home as a single parent may feel challenging, but in reality, it’s not much more different from any other circumstance. Here’s what you need to know when you’re house hunting on your own.
Not only is it wedding season, but it’s also home buying season. And you’d be surprised by how often newlyweds upgrade…