First-time homebuyers

First-time Homebuyers – where to begin Becoming familiar with the varied steps and requirements of the home-buying process will help you feel much more confident with your big decision. Get your finances in order By this point you should already have a spending plan in place, if not, you’ll need one to see if a […]

Minimum Credit Score Needed to Buy a House

There are many factors that determine whether or not you’ll get a loan. Your credit score is only one the factors. Depending on which lender you use and what type of loan you are applying for, there may be different minimum requirements. Conventional loans If you are going for a conventional loan, the lender will […]

Can I buy a house with bad credit?

  If you have bad credit, qualifying for a mortgage is going to be difficult. In fact, lenders won’t even consider you if your score is below 620. Most lenders are looking for a score above 650, some closer to 680. People who have a 650-660 score are considered low risk, meaning they tend not […]

Mortgage Terms You Should Know

Agent: A person acting on behalf of another, called the principal. Agreement of Sale: Known by various names, such as “contract of purchase,” “purchase agreement,” “sales agreement” or “binder,” according to location or jurisdiction. A contract in which a seller agrees to sell and a buyer agrees to buy, under certain specific terms and conditions […]

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