The Associated Press reports that the average 30-year U.S. mortgage rate this week remained at a 52-week low of 4.10 percent for the third straight week. The average for a 15-year mortgage, a popular choice for people who are refinancing, slipped to 3.24 percent from 3.25 percent. This is certainly good news on the economic front, where some analysts suggest that the static low rates have increased home sales across the country. The AP article stated that real-estate data provider […]
Online comparison shopping is changing everything from how we buy a new television set to how we select a mortgage, and it’s allowing some mortgage lenders to get creative in order to compete. Lenders are stripping down features of mortgages to get their rates lower. Consumers have always been keen on scoring a low mortgage rate, but the ease with which they can comparison shop via their computers, smartphones and tablets has created an even greater fixation on the headline […]
Credit scores are the number one factor in obtaining a loan. “FICO” is an acronym for “Fair, Isaac, and Company.” According to www.myfico.com, base FICO scores range from 300-850, and industry-specific FICO® Scores range from 250-900. Your FICO® Scores are calculated using the information in your credit reports. These reports contain the information that each credit bureau has on file about you. This sample credit report shows a few examples of the types of information that the credit bureaus collect, […]
1. Wait Review the expenses that are coming in the near future and some long-term goals; Consider expenses coming four or five years down the road.. In order to prosper and move forward, it’s necessary extensively manage your discretionary income. Make sure you pay every one of your bills on time, every time, all of the time. Make debt repayment a habit that becomes second nature to you. 2. Save Once your current budget is under control, you’ll need to […]