Browsing Tag

financial tip

  • Buyers

    Improve Your Credit Score

    Those looking for a home should check their credit score before things get too serious. There’s nothing worse than learning that your credit report contains a late payment that can prevent…

  • Buyers

    The Importance of Assets

    Lenders dissect the entire credit history of a potential client with strict attention to income, credit, collateral and assets. Of the four, assets are perhaps the least discussed, yet may be…

  • Buyers

    15 vs. 30 Year Mortgages

    Which is better: A 30-year fixed-rate mortgage or go for a lower-interest 15-year one? Typically, 15-year mortgage allows you to pay off your mortgage quicker and save a significant chunk of…

  • Buyers

    Understanding Energy Efficient Mortgages

    Energy Efficient Mortgages (EEMs) were formally introduced by the Federal Housing Administration in 1995 to help consumers save money on utility bills by enabling them to finance the cost of energy-efficiency…

  • Buyers

    The 203k Mortgage

    Consumers often find ample value in distressed homes – properties that are under a foreclosure order or up for short sale. In many cases, “distressed” speaks more to the condition of…

  • Buyers

    Earnest Money Deposit

    Buyers today understand they need a sizable down payment and a strong credit score to secure a conforming home loan. They must hold liquid funds for another financial obligation—an earnest money…

  • Buyers

    Dealing with the Down Payment

    Ever dream of owning a home but don’t think you can because you lack the down payment and closing costs? Here are a few tips: Borrow from your retirement account: A…