Home Loans
6 Reasons Why Your FICO Score Could Suddenly Drop
If you’ve ever applied for a mortgage, chances are you’ve heard of the term ‘FICO score’.It’s a three-digit number that reflects your ability to pay back a loan; The bigger the number, the easier it is for you to take out a mortgage because you’re seen as less of a default risk compared to others! FICO scores…
Read MoreConforming vs. Non-Conforming Mortgage Loans: Which One’s Better?
Non-profit research organization the Urban Institute recently described the 30-year fixed-rate mortgage as ‘the bedrock of the US housing finance system.’ This type of mortgage falls under two classifications: conforming and non-conforming. Both types of home loans have their own unique benefits and drawbacks—but which one’s better? Here’s a summary of how each type of mortgage works…
Read MoreThe Ultimate Guide to Home Loans for Borrowers with Low Credit Scores
When was the last time you checked your credit score? This three-digit number is based on your financial history and represents how likely you are to pay back a loan on time. In other words, your credit score will rise if you pay your bills on time. But what if financial hardships in the past…
Read MoreKey Differences Between Recourse and Non-Recourse Home Loans
Picture this. You’re browsing real estate listings one day and come across the home of your dreams. It has everything you desire—state-of-the-art kitchen appliances, a lawn with automatic sprinklers, and stunning interior décor you can’t wait to show off on social media. You’ve got a bit of money saved for a down payment, so you…
Read MoreWhat Types of Home Loans are Ideal for Purchasing Prime Real Estate?
Have you ever been to the Hamptons in New York? What about Las Olas Isles in Fort Lauderdale? These areas are home to some of the most luxurious real estate properties you’ll ever see! Unfortunately, the average joe doesn’t have a few million dollars lying spare in their bank account to buy a swanky home.…
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