Credit
HELOC vs HELOAN
Homeowners looking to borrow against their home equity often consider two popular options, either of which don’t require a new first mortgage: a Home Equity Line of Credit (HELOC) and a Home Equity Loan (HELOAN). While both allow access to your home equity, there are important differences between a HELOC and HELOAN that you should understand…
Read MoreIs Affordable Housing Still Possible?
Home prices are at all time highs! It’s a bubble! There’s a dip coming! It’s a terrible time to buy! These are some of the things headlines have been touting for….well, years now, as appreciation in the housing market has marched higher. And yes, home prices are up – much higher in some markets, than a…
Read MoreWhy Do So Many Mortgage Companies Call?
If you’ve recently applied for a mortgage loan, you may have noticed a trend – your phone is ringing (even more than usual) with numbers on the caller ID you don’t recognize. If you answer, you’re likely getting pitched for a mortgage from a company you never contacted and a loan officer or dialer you…
Read MoreWhy Credit Scoring Models Show Different Scores
Why Are Credit Scores Different? If you’ve shopped around for a mortgage loan, one of the things you’ve likely seen is that credit scores lenders pull tend to be different (sometimes by quite a lot) from what you see when tracking your own credit scores. Why is that? It comes down to how credit information is reported, which scoring…
Read More3 Tips to Increase Credit Scores FAST
3 Tips to Increase Credit Scores FAST When applying for debt, a lot of weight is put on credit scoring. The difference between ultra competitive rates, terms, and lenders practically begging for your business and seeing terms that come with astronomical rates and costs can sometimes be just a few points in credit scoring.…
Read MoreHow To Get the Best Mortgage Rates
Mortgage rates have gotten a lot of airtime in the media recently. Currently near all-time lows, many people are shopping for a new mortgage right now, and rightly so! With the opportunity to reduce monthly payments, access equity to pay other bills or complete renovations, or reduce a loan term, it’s a great time to…
Read MoreCan I Buy a Home If I Have Debt?
Can I Buy a Home With Debt? When it comes to buying a home, many people are concerned with their debts. Headlines frequently discuss student loan debt, and how it holds people back from home ownership – particularly the millenial generation. Another easy “fact” to find online is that lenders want your total debt,…
Read MoreDoes Experian Boost Work?
Experian, one of the 3 major credit bureaus, has recently rolled out a marketing campaign to highlight their ‘Boost’ product – one which a customer can use to report accounts that traditionally do not get reported to the credit bureaus, to increase their credit scores. Sounds great, right? Well to see a…
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