Found 5 blog entries tagged as credit.

How to Buy a House With Bad Credit

How to Buy a House With Bad Credit
Having a low credit score can make it more difficult to do a number of things- rent an apartment, get a loan, and of course, secure a mortgage to buy a new house. Poor credit can make you appear riskier to lenders, and they may assume you’re financially unstable or unwilling and unable to pay off your debts. However, this isn’t always the case- sometimes, not understanding how credit works or a brief rough patch in the past that required debt can lead to a deceptively low score. The good news is that you can still be a candidate for homes for sale in Groveland, FL, despite a low credit score.

What Is Bad Credit?

Everyone person is assigned a credit score on a scale of 300 to 850 that represents their debts,…

1619 Views, 0 Comments

Read Full Post

Low Down Payment Home Loans For First-Time And Repeat Buyers

The biggest barrier to homeownership today is the mortgage down payment. But it doesn't have to be.

According to the National Association of Realtors, 87% of first-time buyers think they need 10% or more down to buy any of the homes for sale in Davenport, FL.

That’s simply false.

In fact, the average down payment for first time buyers today is just 6%. And, a number of programs require no down payment at all.

If you’re “stuck” trying to raise enough down payment money, you must read this entire article.

What Is A Down Payment?

A down payment is a portion of the purchase price that a buyer pays from his or her own funds. A 10% down home purchase is structured as follows.

    …

4426 Views, 0 Comments

Read Full Post

The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market.

Homes for Sale in Kissimmee FL

One such study by the Wharton School of Business at the University of Pennsylvania revealed that many millennials have not yet considered purchasing homes simply because they don’t believe they can qualify for a mortgage.

A recent article about millennials by Realtor.com explained that:

“About 72% of aspiring millennial buyers said they’re waiting because they can’t afford to buy…”

The article also explained that 29% of millennials believe their credit scores are too low to buy. The problem here is the fact…

4663 Views, 0 Comments

Read Full Post

By Claire Murdough | May 17, 2017 2:22PM  

Listen up, kids: Paying interest is painful. Really, really painful.

Parental wisdom is easy to ignore until you’re left scratching your head over simple adult responsibilities like paying taxes and budgeting. (We all have to make our own mistakes, right?). But even if you were listening to your parents, there are some important credit tips they likely didn’t mention. When it comes to improving your score, heed these six credit lessons that we wish our parents had taught us.

6 Valuable Lessons To Improve Your Credit

  1. Paying interest is one tough chore

    Let’s be real: Making monthly credit card payments isn’t fun. But the pain compounds (literally) when…

3148 Views, 0 Comments

Read Full Post

Fair Credit Mortgages

Mortgage With Fair Credit: Yes, It's Possible

Many people with fair credit think they can't get a mortgage. After all, those with fair credit are not among the credit score elite -- those individuals with credit scores of 800 or more.

Instead, fair-credit borrowers are likely to have some late payments and maybe even a missed payment or two.

But there is some good news: You can get a mortgage with fair credit.

In fact, savvy lenders may be very interested in your business.

Click to see today's rates (May 5th, 2017)

Fair Credit Explained

Before you can figure out how to get a mortgage, you must understand what “fair credit” really means. This is a problem because the definition of fair credit is fuzzy. Like beauty, it's in the eye…

3173 Views, 0 Comments

Read Full Post