Looking to buy a new home soon? We’ve created a handy mortgage infographic to help you understand some of the factors that affect your credit score and the ways you can improve your score—an important consideration for any lender reviewing your mortgage application. Your credit score may influence what types of loans you can qualify for and what rate lenders will offer you, so it’s best to make it a priority as soon as possible in your home search.
Student debt is a hot topic these days, and little wonder: approximately 44.7 million Americans were paying back student loans as of 2017, according to the Federal Reserve Bank of New York (spreadsheet). If you’re one of them and have hopes of purchasing a home, the good news is that buying a home with student […]
With interest rates at attractive lows, it might seem like a great time to refinance your mortgage loan—a process that involves paying off your current home loan with a new loan, resulting in new principal and interest payments (the P and the I in PITI) that could save you money, among other things. But how […]
Should I lock in my interest rate today? Many people ask their loan officers, “When should I lock in my rate?” There’s no easy answer. It’s a little like asking when you should sell your stock or which mutual fund will perform better. It all depends on the market and your individual situation. Are you […]
How often do you look at your energy bill? If your interest stops at AMOUNT DUE, you may be missing out on some ways to save energy and money. Energy bill basics Each utility company has its own way of invoicing you, but here are some fairly universal points you’ll find on most energy bills: […]