Credit reports are a historical tracking system of how you use credit. The information and data contained in credit reports is used to calculate your 3-digit credit scores. If you are planning to apply for a car loan, mortgage, or credit card, lenders will look at two things to help determine if you will follow their guidelines to pay back any money you borrow: your credit scores and credit reports.
Read More
“Credit Report vs. Credit Score: What’s the Difference?”
Before you study up on the types of home loans available, we always recommend determining how much house you can afford first. Once you know what you can afford to pay for a house, then it’s good to know what types of home loans are available. After reading about the different loan types, be sure to fill out the Homes for Heroes mortgage calculator. This calculator is a great tool to estimate your monthly mortgage payment. If you know what you can afford, the following will cover the four main types of home loans: Conventional loan, FHA loan, VA loan and USDA loans. Chances are you qualify for more than one type so spend a little time getting to know the pros and cons of each.
The Homes for Heroes mortgage calculator helps to determine an estimate of how much house you can afford before going through the home buying process. It will help you understand and plan for your ongoing financial commitment if you choose to purchase a home. There are four main amounts that make up your monthly mortgage payment: principal, interest rate, property tax and insurance (PITI). Learn how the Homes for Heroes mortgage calculator breaks out an estimate of each for different loan types and provides a total estimate of your monthly mortgage payments.
Read More “Best Mortgage Calculator to Estimate Monthly Payments”
To get approved for a mortgage when buying a house or refinancing, your lender will look at how you use credit and manage debt to determine if you are financially responsible. This is important because the type of loan and interest rate you receive for your mortgage loan depends largely on your credit score and credit history report. But what’s a good credit score to buy a house, and what is the minimum credit score to refinance? Here is some information about credit scores to help you answer those questions, as well as some credit repair tips to keep your financial health strong in 2019.
Read More “What Is a Good Credit Score to Buy a House or Refinance in 2019?”
Making the decision to become a first time home buyer is complex. Or, if you’re looking to purchase your next house, sometimes it’s hard to know where to start. A good first step is answering the question: How much house can I afford?
Read More “How Much House can I Afford? – Home Affordability Calculator”
Buying a house is an important decision and major investment. It’s also a step toward the American dream. Like many Americans, our heroes can be hesitant to make the leap. Many heroes often ask, “Should I buy a house in 2019?” or “When is the best time to buy a house”? It’s a great question. It’s an important question. There are many advantages to becoming a homeowner. But, if your circumstances are questionable, then it might be best to wait. Here are some historical trends and key housing market indicators for 2019 to consider before you decide to buy a home.
For many people, the new year brings big changes — and there are few changes bigger than selling a home. You may be ready for a fresh start, but deciding whether you should sell your house is no easy decision. There are a whole host of financial factors to consider, not to mention the emotions that come with leaving a place you’ve made your home. With so much to think about, making the final decision may come down to one simple question: Will 2019 be a seller’s market? The short answer is yes. But it’s not all good news. There are a million factors that affect the housing market, and here are the main points you should consider when deciding to sell your house in 2019.
Read More “Will 2019 Be a Seller’s Market? What to Expect When Selling a Home in 2019”
Did you know that it’s possible to buy a house without putting any money into a down payment? That’s right; there are fantastic zero down payment home loans available to finance your new home. Read on to learn more about some terrific zero down payment home loans and how you can get one to buy a house.
Read More “Zero Down Mortgage: Can I Get One to Buy a House?”
Are you ready to buy a home and you want to make sure that you get a terrific mortgage rate?
Buying a home is one of the most significant financial investments that you’ll make in life, and it’s essential that your home loan fits your budget and lifestyle. A fantastic mortgage interest rate is one that meets your budget requirements. Keep reading for advice on how to obtain the best mortgage interest rates on your new home loan.
Read More “Are The Current Mortgage Interest Rates Good and How Can You Tell?”
Buying a home is one of the most significant decisions you can make in life, and it typically helps set you on a course for financial stability.
As you sit in the title office signing an enormous amount of forms, you will inevitably see a paper that lists every payment that will be due over the life of the loan. You will also see exactly how much interest you will pay over the life of the mortgage. These numbers can be very daunting and make you wonder if you’ll ever indeed “own” your home.
