Our experts are committed to helping you understand the home buying & financing process, including mortgages, so that you can make smarter decisions. We’ve pulled together answers to your important mortgage questions, including tips on how to approach shopping for a home loan as well as how to get the best rates & deals. Learn how to select a mortgage lender & real estate agent, negotiate the best price, and best time a refinancing. Plus, understand how mortgage decisions can affect your credit score. Use Credit.com’s free credit report card to find out where you stand today.
Buying a home for the first time can be a wonderful — and intimidating — experience. With so much information out there, it’s easy to feel overwhelmed. However, there are ways to streamline the process, both from an emotional and financial perspective. These are five of the common mistakes first-time homebuyers make and how to […] Read More
If you’re buying a home with a conventional loan and a low down payment, you may be expected to pay an additional cost: private mortgage insurance. PMI protects your mortgage lender in the event that you stop making payments on your home loan. Your lender may require you to pay for PMI – in addition […] Read More
Selling your own home can be tempting — after all, a real estate agent’s commission can be pricey and if you’re a homeowner who is already struggling to keep up with your mortgage, every penny of your home’s sale price may count. Are you tempted to put a “for sale by owner” (FSBO) sign on […] Read More
When you buy a home that is part of a homeowners association, you agree to live according to the association’s rules and pay a fee (often monthly) that contributes to the overall maintenance and management of the community. Living in a neighborhood with a homeowners association has its advantages and disadvantages. Before you buy a […] Read More
Your credit score plays a role in the homeowners insurance premium that you will pay once you purchase a home. Insurance companies use information in your credit report to calculate an insurance score. (You can see your credit reports for free once a year.) Similar to a credit score, insurance companies use insurance scores to […] Read More
An interest-only mortgage delivers low monthly payments for several years. That may sound great, but does it make sense for you? In the first few years of an interest-only mortgage, you only are required to pay the interest portion of a home loan. And this means years of very low, rock-bottom mortgage payments. The interest-only […] Read More
Buying a foreclosed house can be an affordable way to buy a home. But first, here are four things to consider before you start shopping. Get Help From a Real Estate Broker Who Specializes in Foreclosed Homes Some real estate brokers and agents have relationships with banks, and broker the selling of the banks’ foreclosed […] Read More
Short selling allows you to avoid foreclosure on a home. Unfortunately, there is no way to avoid the damage a short sale does to your credit score. A short sale can knock as much as 160 points off your credit score. [Advertisement: If you need help fixing your credit, Lexington Law may be able help. […] Read More
Are you getting ready to sell your home, but wonder if it will affect your credit? Selling your home could impact your credit in a few key ways. Let’s take a look… Impact On Your Payment History Having a mortgage with a positive payment history is a big plus for your credit. When you sell […] Read More
Looking for a way to refinance your home when you have bad or blemished credit? You do have refinancing options and you don’t need perfect credit to qualify. [Advertisement: Your credit score may be low due to credit report errors. You can work on your credit score with help from Lexington Law. Learn more about […] Read More
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