When getting a mortgage to buy a house, a homebuyer will need a down payment in most circumstances. And though homebuyers don’t always need 20 percent for a down payment, they will usually be penalized …
Downpayment is the process of placing money down with the intention on purchasing a real estate property.
Carrington Mortgage offers home loans for consumers with less than perfect credit
Carrington Mortgage Services has expanded its residential mortgage offerings to make access to home loans a greater possibility for the roughly 100 million U.S. consumers who have less than perfect credit. The introduction of its …
How Multiple Inquires May Affect Your Credit
Buying a home means dealing a lot with your finances – and one of the most important pieces of that puzzle can be found in your credit report. Having a good score and a healthy …
Other Payments That Can Affect Your Monthly Mortgage Payment
One of the biggest changes in becoming a homeowner has to do with your monthly mortgage payment. Whereas before when you were renting, you could write one check and be done with it, there are …
How to Reduce Mortgage Closing Costs
Once you’ve made it through pre-approval, your house search, making your offer and securing your loan, it’s time to prep for the last step: closing! Unfortunately, closing brings with it another round of costs – …
FICO Credit score 550 or more? No problem with special home loan programs available
HIGHLIGHTS In 2014, consumers with FICO credit scores higher than 660 made up a large portion of mortgage borrowers Home loan program available with a minimum FICO credit score of 550 The home buying process …
Saving for a Down Payment on a House just got easier with new 1% Down Program
HIGHLIGHTS 4 out of 10 people think you need a 20 percent down payment to buy a home Most lenders do not require a 20 percent down payment to buy a home New 1 percent …