Mortgage rates may be at an all time low, but there’s still a big difference between a 3 percent and 4 percent rate. We take a look at the factors that determine your mortgage rate and calculate how much you’ll pay. When you start looking to buy a house, you’re going to hear all about […]
Several factors influence your credit scores. Most important: your track record of paying on time and how much of your credit limits you use. Your credit scores are determined by several factors, such as whether you pay bills on time and the length of time you’ve used credit. Understanding what factors affect credit scores helps you plan the most
What Factors Affect Your Credit Scores? Read More »
A new Bay Area startup is offering prospective homebuyers a path to ownership without having to put any money down. ZeroDown, the rent-to-buy service launched Tuesday wants to give people that can’t save up for a big downpayment a chance to buy, but still, it’s not going to come cheap. “Ask anyone in the Bay Area and
Getting a mortgage preapproval can give you a big advantage in the home-buying process. This golden ticket involves some of the same steps as a mortgage application. You provide detailed information on an application about your income, debts and assets. The lender does a hard credit check. Soon, if you’re approved, you’ll receive a loan
Everything you should know about getting preapproved for a mortgage Read More »
What so many in the housing industry have waited years for appears to be finally happening: Millennials are buying homes. How much things can change in just a few months. Back in September, after existing home sales fell to a three-year low, it appeared that many younger would-be buyers were turning to renting instead of buying. But things look
Homeownership rate rises to four-year high as Millennials are finally buying homes Read More »
With the housing market rebounding, more and more people are looking to buy a home. Unfortunately, as a result of the sub-prime housing scandal that occurred some years ago, home loan lenders are stricter than they used to be. The days when you would qualify with 5% down are over. You’ll often need to make
Did you know? You Can Use an IRA to Make a House Down Payment Read More »
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