13 Jan 2023
By John Cofiell

In a Hurry to Buy a Home? Speed Your Mortgage Approval up by Following This Checklist

Home Mortgage Tips , ,
Have you finally found your dream home after months of searching, only to discover that the seller has received other offers? Few circumstances can raise your stress level as much as finding yourself in a bidding war against another buyer. However, being unprepared by not having your finances in order can make the situation even worse. Let's take a quick look at a few ways that you can speed up your mortgage approval if you are in a hurry to buy your next home. Pull Your Credit Report ASAP The first step you will want to do is check your…
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10 Nov 2022
By John Cofiell

Considering a New Home Next Year? Start Now and Get a Jump on Improving Your Credit Score

Home Mortgage Tips , ,
With the new year right around the corner, that leaves you with precious little time to get your finances in order. Let's explore a few tips that will help you get a jump on improving your credit score before the end of the year. Grab A Fresh Copy The first step is to order a fresh copy of your credit report from one of the major agencies. The Fair Credit Reporting Act allows you to access a free copy of your credit report once every 12 months. So, if you have not ordered a copy recently, it is time to…
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12 Oct 2022
By John Cofiell

How to Use a Mortgage to Buy a Home After Going Through a Bankruptcy

Home Mortgage Tips , ,
While it is sometimes the best option to get your finances repaired, the bankruptcy and following discharge period can be tough. However, while it may delay things for a couple of years, the good news is that even a bankruptcy won't stop you from borrowing a mortgage to buy a home. In today's article, we will share some insight into how you can get a mortgage loan after going through bankruptcy. Step 1: Get A Professional Credit Assessment Once your Chapter 7 or Chapter 13 bankruptcy has been discharged, you will be required to wait for at least two years…
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28 Sep 2022
By John Cofiell

Speed up Your Mortgage Closing Process With This Handy Four-step Guide

Home Mortgage Tips , ,
Are you in the market for a new house or apartment? If you are financing the purchase by taking out a mortgage, you'll want to know how to make this transaction run as smooth as possible. In today's article, we'll share a quick four-step guide to speeding up the mortgage closing process. Step #1: Check In On Your Credit Score The first step before applying for your mortgage is to check in on your credit. Request a copy of your credit score and history from one of the major reporting firms. Go over this report, paying close attention to any…
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16 Sep 2022
By John Cofiell

Man Vs. Machine: Why Using a Human Mortgage Professional Is Better Than Trusting an App

Home Mortgage Tips , ,
Are you currently house-hunting or plan to be in the near future? If you plan on using mortgage financing to pay for your home, you will soon discover that there's no shortage of options available to you. You can meet with a local mortgage professional, apply for mortgages online and even download mobile apps that promise to set you up with a mortgage. However, is every option equal? Let's explore why, in the epic battle of man versus machine, you will want to place your trust in a human mortgage professional. Human Mortgage Professionals Have Local Experience The first and…
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14 Sep 2022
By John Cofiell

The Quick and Easy Guide to Determining How Big of a Mortgage Your Family Can Afford

Home Mortgage Tips , ,
Are you shopping around for a new house or apartment? One of the key considerations you will need to make is figuring out how much you want to invest in your new home. Below you'll find our quick and easy guide to determining just how much "house" you can afford. Let's get started! Start By Making A Proper Budget The first thing you'll want to do is sit down and get a full budget put together. The easiest way to get the process started is to begin with two lists: income and expenses. For the income list, write down the…
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02 Sep 2022
By John Cofiell

Understanding Your FICO Score and Why Small Credit Mistakes Can Cause Huge Headaches

Home Mortgage Tips , ,
Many people all over the world are dealing with issues involving debt or poor credit history, but most aren't necessarily aware of what exactly makes up their credit score. Unfortunately, it might seem like it's the big stuff that counts when it comes to credit, but little things can have a significant impact on your financial health. If you're looking to improve your understanding and your finances, here's what you need to know about small mistakes and your FICO score. Making Late Payments The due date on your bills might seem like an advisory, but whether we're talking about a…
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15 Jul 2022
By John Cofiell

3 Different Types of Loan That Will Negatively Impact Your Ability to Get a Mortgage

Home Mortgage Tips , ,
A good credit rating is built on a number of financial factors including paying your bills on time and the length of your credit history, but loans can also be a source of bolstering your credit score in a positive way. While this means that loans can actually be a good thing, there are also the kinds of loans that can have a damaging impact on acquiring a mortgage. If you'll soon be pursuing your own home purchase, here are some loans that may have a negative impact. Borrowing For Education When you are young, student loans are an ideal…
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