Category: Finance and Credit

Getting a VA Loan with Bad Credit | It is Not Just About Your Credit Score

/ in Finance and Credit / Bob Filipczak

If you are wondering about getting a VA loan with bad credit, you’re not alone. It is a common question asked by our veterans and active-duty service members. Bad credit can stop you in your tracks and make you think there’s no point in even looking for a house. Don’t give up. The VA loan system makes allowances for bad credit. What’s more, the loan policies of the Veterans Administration are designed to help you, the military professional, find ways to make a VA loan work for you.

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Tax Benefits of Owning a Home | Potential Home Purchase Tax Deductions

/ in Buying a House / Bob Filipczak

The tax benefits of owning a home can be a tipping point for you if you are on the edge of deciding to begin hunting for a new home. If you are a first time home buyer, some of these deductions and tax credits will surprise you. If you are a long-time homeowner, you know that a new home mortgage can help you with your tax burden for years. And if you’re a seller, there’s something in the tax laws for you too. Here we cover two main tax benefits of owning a home: tax credits and tax deductions.

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Two Steps to Make Your Home Purchase More Affordable

/ in Buying a House / Gaffney Austin

Mortgage rates and home prices are two factors that will dictate where and how much home you buy. While these factors are determined by events that are out of your control, there are other factors that you can control that could help get you in the best possible shape to buy a home. Let’s look at two steps to make your home purchase more affordable

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Get Pre Approved for a Home Loan | Everything You Need to Know

/ in Buying a House / Luke Feldbrugge

How important is it to get pre-approved for a home loan? The outcome of getting pre-approved is receiving a pre-approval letter. This letter is the golden ticket that allows you to be seriously considered by a seller to purchase their home. Without one, your chances of winning the bid on a home with multiple offers is slim to none. Therefore, it’s good to know the process of how to get pre-approved for a home loan and other answers to commonly asked questions about mortgage pre-approval.

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Rent Reporting Helps Build Credit | Top 11 Rent Reporting Services

/ in Finance and Credit / Bob Filipczak

Rent reporting is a big deal if you plan to purchase a home in the future. If it seems like the scales are tipped against you in terms of buying a new home, the scales may have just moved a bit in your favor. Major credit agencies have begun to accept rent payment as part of their credit calculations, giving renters who want to become first time home buyers the leverage they deserve but didn’t always get. Here we take a look at rent reporting, ways to do it, and why it’s important for renter’s credit and future purchasing power.

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How to Get a Mortgage With Bad Credit

/ in Buying a House / Gaffney Austin

What’s the best way to get mortgage-ready in this crazy competitive housing market? All of the headlines out there suggest it’s a tough market for buyers, and that’s true. So, should you try getting a mortgage with bad credit? The quick answer is “yes”. But, you need to start improving your credit goals immediately, as the housing market will only get more competitive. The housing market has been on a trajectory that has seen home prices skyrocket as demand soars beyond available inventory. This helped raise mortgage borrowing to record heights last year, and is expected to drive lending even higher this year. Read More “How to Get a Mortgage With Bad Credit”

Open House: Guide to Interest Rates

/ in Buying a House / Maggie Sutton

Interest rates are at all time lows, I’m sure you’ve heard. But what exactly is an interest rate? Why does it matter if they’re low? How can you get an interest rate even lower? In this edition of Open House, I’ll address all these common questions and more as you prepare to buy or refinance a home. Read More “Open House: Guide to Interest Rates”

Police Officer Grants Available for Down Payment Assistance

/ in Buying a House / Maggie Sutton

Do you need assistance with coming up with money for your down payment? See Grants are like loans, usually given by the Federal Government, that don’t need to be paid back. Grants can make a significant impact on both the ability to buy a home or not, and how much home you can afford. Luckily, there are lots of police officer grants for those looking to buy a home. Read More “Police Officer Grants Available for Down Payment Assistance”

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