Buying a Home with Credit Dings

Your credit report may be full of dings, compounded with a history of foreclosure and bankruptcy, but you may still get a loan for home purchase, refinance, or even cash out of your current home. It doesn’t matter whether you have charge-offs, collections, or...

Buy a Home With a Recent Bankruptcy

Buying a Home With a Recent Bankruptcy?   How long after a bankruptcy can I buy a home again? Today some lenders are able to take a look at person’s overall credit and financial picture to seek out borrowers who may have had a single issue leading to the filing...

Should You Buy or Rent a Home

Should you buy or rent a home?   If, like most first-time buyers, you are presently renting, it’s easy to calculate your cost – simply, the monthly rent you pay. (Utilities, phone, cable, and other costs can be ignored in this comparison because...

Buying a Home

When a pre-approval letter is in hand, the first time home buyer is now ready to find a qualified real estate agent. A good agent will interview you and determine your needs and wants in a new home.  Since they deal with home sales on a daily basis, a good real estate...

What is MI and PMI

Statistics suggest that 75% of all people with residential mortgages are paying mortgage insurance (MI or PMI)- and many of those same people aren’t sure what mortgage insurance is or why they are paying it each and every month…95% of PMI policy holders...

What is a Credit Score

A credit score is one of several pieces of information a lender uses to decide whether or not you qualify for a loan. If you’ve ever had a car loan or a credit card, you’ve had a credit score, even if you didn’t know it. Your credit score helps answer the big question...

What is Credit

“Credit” is an arrangement for deferred payment of a loan or purchase so a buyer (borrower) does not have to produce an entire lump sum equal to the purchase price in order to gain possession of the item purchased. When not abused, credit is a valuable...