6 credit score questions (and answers) to help you prepare for your mortgage application
Did you know your credit score affects your ability to qualify for a mortgage, and once approved, your monthly mortgage payment amount?
Did you know your credit score affects your ability to qualify for a mortgage, and once approved, your monthly mortgage payment amount?
If you’re looking to buy a home along Colorado’s Front Range, you’re probably all too familiar with the low inventory and high costs in our real estate market. For many first-time home buyers, considering a condo or townhome opens up additional options. However, it’s important to know the differences between buying a single-family home and buying a condo or townhome.
There are creative ways to refinance debt and save money in the process. For instance, a lower-interest auto loan can be used to refinance a high-interest loan like a credit card.
As we look back at the 2015 mortgage market in Colorado’s Front Range, three trends are likely to continue this year. If you’re interesting in purchasing a home, keep these big-picture items in mind. 1. High demand: We continue to see demand in all different sectors of the mortgage market, from first-time homebuyers to move-up
When you’re considering applying for a loan, understand how underwriters look at you and calculate your debt-to-income ratio (DTI), plus take into consideration your financial situation and obligations to feel comfortable, as well.