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Mortgage 101: Breaking Down Closing Costs
What are Closing Costs? Closing costs are the combined fees of what it costs to get a mortgage. These are paid at closing, which is how they get the name closing costs. Closing costs can be applied to both the buyer and the seller during the mortgage process, but today we are specifically talking […]
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Mortgage 101: How is My Credit Score Determined?
How is my credit score determined? This is a common question borrowers ask us. Today on the blog, we are talking about the factors that determine your credit score and how they can impact your credit. Your credit score is determined by five factors, the following information can help you make better choices regarding your […]
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Mortgage 101: Qualifying for a Mortgage and Your Credit Score
Today in our Mortgage 101 series we are highlighting how you can qualify for a mortgage and how your credit score can effect your qualification. What do lenders use to qualify a borrower? Below is a list of the basic items lenders review when a borrower first applies for a loan. Keep in mind that additional information […]
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5 Reasons to Refinance Your Mortgage
Have you thought about refinancing but aren’t sure if its for you? Here are 5 reasons why you should refinance today! 1. Lower Your Monthly Payment The most popular reason for borrowers to refinance is to lower their monthly payments. The interest rate on your mortgage is linked with how much your monthly payment will […]
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Improve Your Credit Score with 3 Simple Tips
1. Pay down balances, and keep those balances low One aspect that affects your credit is how much revolving credit you have versus how much you are using. Paying down balances can help boost the amount of credit you have available and this can raise your score. 2. Check for errors on your credit report […]