Mortgage-Ready Credit: 9 Tips for Paying Off Holiday Debt

Posted by Laine Smith on 12/26/16 10:00 AM

December spending turns into January bill-paying. If you’re suffering from the post-holiday debt blues, you’re not alone. Americans add an average of $986 in debt throughout the holiday season with less than half planning to pay off that debt in less than 5 months, according to a survey by MagnifyMoney. Whether improving your credit score or decreasing your debt is one of your resolutions in 2017, here’s how to tackle those outstanding holiday balances.

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10 Homebuying & Mortgage Myths You Need to Stop Believing Now

Posted by Laine Smith on 12/18/16 10:00 AM

You’ve been diligently working on the steps to go from renting to homeownership, setting aside money for a down payment and paying down your credit cards, but are you still buying in to some of the biggest homebuying myths?

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9 Credit Mistakes to Avoid Over the Holidays

Posted by Laine Smith on 11/25/16 8:00 AM

'Tis the season for consumers to go overboard with credit cards. If you have or plan to use credit cards during your holiday shopping trips, there are several ways to effectively manage and control your debt while keeping your credit score healthy. Here are 8 credit mistakes to avoid this holiday season.

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Is My Credit Score Good Enough to Buy a Home? 5 Credit Questions First-Time Homebuyers Ask

Posted by Laine Smith on 11/7/16 2:45 PM

With mortgage rates still near historic lows, many first-time homebuyers are looking to purchase and finance homes, making it more crucial than ever for them to understand what part their credit score plays in the mortgage process. Here are some of the most commonly asked questions regarding credit scores and homebuying.

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How to Set Aside the Top 7 First-Time Homebuyer Fears

Posted by Laine Smith on 10/29/16 12:37 PM

Terrified of jumping into the homeownership circle? As with any large purchase, buying a home can be unnerving for someone who has little knowledge of the homebuying and financing process. Here's how to set some of those fears aside when preparing to make a home purchase.

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USDA Rural Development or FHA: Which Is the Best Mortgage Option for a First-Time Homebuyer?

Posted by Laine Smith on 10/17/16 2:33 PM

Today’s first-time homebuyers face a new set of homebuying hurdles. From saving for a down payment and closing costs to credit scores and debt, mortgage affordability is a key concern for many homebuyers. So today we’re reviewing pros and cons and costs and eligibility requirements associated with two affordable mortgage options: the USDA Rural Development and FHA loan.

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Buying Your First Home: Should You Save For a Down Payment or Pay Off Debt First?

Posted by Laine Smith on 10/16/16 10:54 AM

Many potential homebuyers cite existing debt or saving funds for a down payment as the biggest hurdles in their homebuying journey. But what if you have existing debt and a low balance in your savings account? Where do you start?

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How Much Mortgage Can You Afford? 7 Factors That Affect Home Affordability

Posted by Laine Smith on 10/9/16 9:08 AM

One of the most common first-time homebuyer questions is how much can I afford to buy? Home affordability weighs on many factors that your lender will analyze to give you an appropriate, pre-approved purchase point.

 

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11 Common Homebuying Myths & Misconceptions Debunked

Posted by Laine Smith on 9/25/16 11:12 AM

Buying a home is a huge investment, making education essential. Here are several common myths and misconceptions surrounding the process of buying and financing a home.

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8 Ways You Could Be Damaging Your Credit Score

Posted by Laine Smith on 9/11/16 12:27 PM

Credit score is a big component in personal finances. As society becomes more dependent on the use of credit cards, your credit score becomes more important than ever. Fifty-eight percent of future homebuyers say they are actively trying to improve their credit, according to a Wells Fargo study.

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