If you're worried about your bad credit, you'll want to do everything in your power to improve your rating as quickly as possible - especially if you have a major purchase coming up. Improving your credit rating can give you access to better interest rates on mortgages or even help you get that job you're after.
IMPORTANT! If you are currently involved in a home loan transaction, speak with your trusted mortgage lender before taking any action regarding your credit!
So how can you boost your FICO score quickly and easily? Here's what you need to know.
Get Your Credit Report And Dispute Any Errors
Credit reporting agencies don't always keep 100% perfect records, and there's a good chance … [Continue Reading...]
Comparing mortgages is a crucial step in the process of buying a home or refinancing an existing mortgage. Here are some reasons why:
Save Money: Comparing mortgages can help you save money by finding the best interest rates and terms available. A lower interest rate can mean thousands of dollars in savings over the life of a mortgage.
Avoid Pitfalls: By comparing mortgages, you can avoid pitfalls such as hidden fees, penalties, or other unfavorable terms that can cost you money and cause financial stress.
Negotiate Better Terms: If you have a good understanding of what's available in the mortgage market, you can negotiate better terms with lenders.
Peace of Mind: Comparing mortgages can … [Continue Reading...]
The previous week offered a blend of economic updates, covering a report on the jobs market and weekly changes in mortgage rates.
The Jobs Report Was Released
This week, the monthly jobs report was released by the United States Bureau of Labor and Statistics. It showed that the job market completely exceeded all expectations, adding 336,000 jobs during the month of September. That was far higher than the expected number of 170,000. It also represents a significant increase when compared to August, where the economy added a revised total of 227,000 jobs.
The unemployment rate remained relatively steady, coming in at 3.8 percent, which is the same as August. This jobs report is important … [Continue Reading...]
Whether you're buying a home for the first time or you've decided it's about time that you upgraded to a larger, more expansive house, if you're making a real estate purchase you'll need to be aware of how much you can reasonably afford to borrow in a mortgage. In today's post we'll take a look at a few ways that you can analyze your financial situation to help decide how much mortgage you can truly afford. Prepare An Honest Monthly Budget The first step in understanding how much of a monthly payment you can afford is to create an honest monthly budget which includes all of your family's income and spending. Although you won't have to pay them every month, it's also important that you … [Continue Reading...]
They say, “you never get a second chance to make a good impression”, and when it comes to your home, curb appeal is the key to making a lasting one. Enhancing the exterior of your house not only adds value but also creates a warm and inviting atmosphere for both you and your guests. Here are some simple yet effective tips that will help transform your home's exterior and make it the envy of the neighborhood. Begin with a Welcoming Entrance: The front door is the gateway to your home, and a fresh coat of paint can do wonders to revitalize its appearance. Consider selecting a color that complements your home's style and personality. Don't shy away from bold choices that create a … [Continue Reading...]
With all of the expense that can go into buying and selling a home, it's good to be aware of what you can claim and how a home can benefit you come tax time. When the New Year rolls around and you're sitting down to the task of completing your taxes, here are a few things that you'll want to keep in mind. Gaining from Capital Gains In the event that you've made money off the sale of your home through a capital gain, it's possible that you may be able to exclude this amount from your tax filing. If you've lived in the home you just sold for at least two of the five years before the sale date, not having to report this amount on your taxes may come as a financial win. Reporting Your Gain If … [Continue Reading...]
