What Homebuyers Need To Know About Credit Scores
Understanding your credit score is crucial when buying a home. Lenders consider it for loan qualification and determining mortgage rates. A higher score leads to lower rates and better terms. While 765 is the median score for mortgage applicants, aiming for the “Good” range (670-739) or even the “Very Good” range (740-799) improves your chances. Work with a trusted lender for personalized insights, as each has its own lending strategy. Focus on payment history, debt utilization, and avoiding new credit applications to boost your score. Prioritizing your credit score can enhance affordability and secure a better mortgage rate.
This Real Estate Market Is the Strongest of Our Lifetime
When you look at the numbers today, the one thing that stands out is the strength of this housing market. We can see this is one of the most foundationally strong housing markets of our lifetime – if not the strongest housing market of our lifetime. Here are two fundamentals that prove this point. 1. […]
How Homeowners Win When They Downsize
Downsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile. Homeowners who have experienced a change in their lives or no longer feel like their house fits their needs may benefit from downsizing too. U.S. News explains: “Downsizing is somewhat […]