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homebuying basics

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Financing & Insuring

5 Ways to Help Maintain (or Improve) Your Credit Score

February 10, 2019

Keeping a spotless credit history can be tough, but if you’re hoping to buy a home, maintaining or improving your credit score is well worth the effort. Factors like your FICO® score help lenders determine your creditworthiness, which in turn affects what mortgage rates, loan amounts and terms they can offer you. Luckily, there are some simple things you can do for your credit health. 1. Check your credit regularly and report any errors. Before you can improve your credit, you’ll need to know where you…

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Buying a Home

The House Hunting Experience: New vs. Resale

February 5, 2019

Homebuyers often think of buying new construction as a mysterious process. And as with many things, the unknown can make people nervous. But fear not! Buying a new construction home can be different than buying a resale one, but we’re here to get you up to speed on the differences—and similarities. New vs. resale: Financing With a resale home, prequalifying can help you determine your budget and may help the loan process go more smoothly when you move forward with a purchase. Buying a new…

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Financing & Insuring

Online Tools to Improve Credit

January 21, 2019

An acceptable credit score is one of the keys to getting your home loan application approved. Mortgage lenders have historically used FICO® scores—derived from data collected by one or more of the three major credit bureaus—as a major factor in determining whether you qualify for a mortgage. Different mortgage lenders can approve or deny loans based on their own risk tolerance, but anything below a “good” range may significantly decrease your odds of loan approval—and of a favorable interest rate if you are approved. So, what…

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Buying a Home

A Guide to Our Free Homebuyer Guides

January 18, 2019
Image of several guides for homebuyers

At Richmond American, we love helping new homebuyers attain the dream of homeownership. And with nearly 40 years in the industry, we’ve learned a thing or two about the process! Perhaps you’re just beginning your house hunt, or maybe you’ve already decided on a floor plan and community. Regardless of your stage in the homebuying process, we have compiled worksheets, tools and checklists to assist you along the way. Check out (and download!) our series of FREE guides, designed to help homebuyers stay organized, informed…

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Financing & Insuring

How to Manage Your Credit Score During the Holidays

December 4, 2018

The holidays are a tempting time to splurge, but if you’re planning on purchasing a home in the near future, keep a close eye on your bills. ‘Tis the season for spending, but the five tips below will help keep your credit score in great shape. Check in Forget making a list and checking it twice—check your credit score instead! It can be easy to forget where you’re at, and keeping your score top of mind is a great way to prioritize your credit goals…

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