Are you ready to buy? Have you gotten to a place mentally and financially where you’re ready to make the transition into home ownership? Home ownership is a risk and an investment that can provide many rewards over time. It’s important to be realistic and honest about your expectations for ownership because owning a home[…]
Many home loan programs have raised their credit score requirement to a score of 640 and above. If your credit score is lower than you’d like or lower than this minimum threshold, and there aren’t any errors on your report, there are several steps you can take to improve your credit score. Keep in mind,[…]
Ok, so now you know What Credit Is and Why You Should Care. Hopefully you’ve learned some things and you now want to know how to repair your credit. First you have to want to repair your credit. This is huge, because many people don’t want to put in the work to clean up their[…]
Now that you know what credit is, you might be wondering why you should care. Mistakes are just that- mistakes, they shouldn’t have a big impact, right? Negative reporting to any of the three credit bureaus will negatively affect your score. Negative information such as slow pays, missed payments, and collections will follow you on[…]
What is a credit score? A credit score is a 3 digit number generated based on information found in your credit report. Everyone has three scores. The purpose of a credit sore is to predict risk- risk of extending you credit. It allows potential lenders to quickly get an understanding of your credit and how[…]
This is very important so please read and take note! Your mortgage pre-approval was granted to you based on the amount of money you had at the time of the pre-approval. This is includes monies in your savings accounts, checking accounts, retirement accounts, etc.. The pre-approval was based on the amount of debt you had[…]
The Pre-Approval Letter A pre-approval letter states to everyone involved in your transaction that you are a serious buyer. It shows you have provided your financial information to that lender to determine your ability to obtain a loan and for what amount you are approved to purchase. The pre-approval letter from your lender stating they[…]
If you are in the market to purchase a home, there are a few things I’d like you to know before you ever get in your car. -Pre-approval Right now in Nashville, Davidson County and Rutherford County, we are experiencing what’s called a seller’s market. Properties go up for sale and within days sometimes hours,[…]