7 Ways to Build Mortgage-Ready Credit in 2017

Posted by Laine Smith on 1/11/17 9:00 AM

Preparing to buy a home should start long before walking through a potential home to purchase, so if buying a home is one of your 2017 resolutions, you will find these tips helpful for building a healthy credit score. Your first official step to buying a home should always be meeting with a lender for a pre-approval, but your credit is a mortgage factor you should be continually working on when you're wanting to achieve home financing.

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Adding Value to Your Home: Should You Do a Master Suite Addition?

Posted by Laine Smith on 11/30/16 10:50 AM

The desire for a master suite has been trending upwards in the housing market, topping lists alongside updated kitchens and bathrooms and open floor plans. While the benefits of a master suite, such as a private bathroom and separation from the home’s other bedrooms, may seem priceless to some homeowners, the budget of a master suite addition can become one of the priciest home renovations.

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12 Homebuying & Home Financing Terms All First-Time Homebuyers Should Know

Posted by Laine Smith on 11/21/16 10:00 AM

Buying a home, especially your first home, can sometimes be a confusing process. With new terms like earnest money and title search jumping out at you from purchase contracts and mortgage documents, you may find your head spinning. That’s why we’ve compiled some of the common home financing terms you should understand when purchasing a home.

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The Zero Down Payment Mortgage Program Is Now Even More Affordable

Posted by Laine Smith on 10/10/16 1:30 PM

If you’ve heard of the USDA Rural Development Guaranteed Loan Program, you know that it’s an extremely affordable mortgage program, boasting several benefits for first-time and repeat homebuyers. As if the zero down payment requirement and lower-than-market interest rates weren’t enough, USDA loans became even more affordable at the beginning of this month.

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5 Preparation Steps to Move From Renting to Owning 

Posted by Laine Smith on 10/3/16 4:13 PM

If you’re thinking of purchasing a home in the near future because of high rent, you’re not alone. In the first quarter of 2016, one in four homebuyers was looking to purchase a home because of their expensive rent, according to Redfin. Homeownership is a big decision, so whether you plan to buy this fall or down the road, walk through these initial steps to go from renting to owning.


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Fall Housing Market Update: 5 Facts for Fall Homebuyers and Sellers

Posted by Laine Smith on 9/26/16 2:51 PM

Mortgage rates have held near historic lows even past the busiest homebuying season of the year and we’re coming up on the best month of the year to buy a home. Here’s what you should know about the current housing market as a first-time buyer, move-up buyer or home seller.

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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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Building Mortgage-Ready Credit: What Is a Rapid Rescore?

Posted by Laine Smith on 9/5/16 10:53 AM

Your credit score is a huge factor in mortgage approval and mortgage affordability. In terms of credit score and home financing, "rapid rescore" is a term worth knowing because it could help you out immensely as a borrower.

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How to Get $7,500 in Down Payment Assistance as a First-Time Homebuyer in Illinois

Posted by Laine Smith on 8/31/16 3:09 PM

With interest rates near historic lows, rent costs still on the rise, and the availability of down payment and closing cost assistance programs, there are no greater incentives to become a first-time homebuyer. Here's how the Illinois Housing Development Authority's mortgage program makes homeownership even more enticing for first-timers.


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What the Millennial First-Time Homebuyer Looks Like in 2016

Posted by Laine Smith on 8/29/16 11:26 AM

Last year, Millennials made up the largest generational share of homebuyers. Their wants and needs in the housing market are heavily-observed and analyzed – and for good reason! Here are six surprising statistics from a recent TD Bank survey of potential first-time homebuyers.

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