You know that a good credit score is important when purchasing a home, but how important is it really? How much more does a buyer with a lower credit score spend on a home? Since other factors, like down payment and financing options, can also impact how much one spends over the life of a mortgage, what is the real[...]
In this week’s edition of Mortgage Minutes, Academy Mortgage explains the difference between a consumer credit score and a mortgage credit score. The number one question that loan officers receive from Atlanta new home buyers in regards to credit scores is, “Why is it that when I pull my credit score, it is different from what a mortgage lender sees?” There[...]
When we think about getting a mortgage and getting our credit scores in great shape to become an attractive borrower to lenders, we sometimes don't think about the impact our tax situation may have on our ability to get in a new home. But there's a very good reason to make sure your taxes are all in order before you[...]
We talk about credit scores frequently here because they have a huge impact on your mortgage possibilities, but there are many more reasons to get your credit score as high as possible and keep it that way (whether you are looking to buy an Atlanta new home or you are happy where you are living now). Equifax expert Miranda Marquit[...]
Have you decided that this is the year that you will improve your credit score and get in on your own piece of Atlanta real estate? If so, start with some facts about your credit score from the Equifax Finance experts in their newest article, “Eight Things You Don’t Know About Your Credit Score.” The first four facts in the article include: Credit[...]
You’ve probably heard that not all debt is created equal; that some debt is good and some is bad. What does that mean? Isn’t all debt bad? If not, what are some examples of good debt and what is bad debt? The credit experts at the Equifax Finance blog answer these questions, how good debt can help you get a[...]
If in preparation for your purchase of a new home in Atlanta you have pulled you credit reports and scores to make sure your financing ducks are in a row, you may have noticed that your scores are different from each of the three agencies. This is normal and the Equifax experts explain why in the aptly titled, " Why Are[...]
If you fell victim to foreclosure during the housing crisis or following the downturn in the economy, you are no doubt curious about when will be the best time for you to get back on the track to home ownership. The first indicator will be your comfort level with your finances, when your savings are right and when your credit[...]
Many Americans are trying to decide if now is the time to enter the market for a new home. Years of renting might be taking its toll on your patience, and interest rates are low, but inching up. So is now a good time to buy a home? Steve Cook, former vice president of public affairs for the National Association[...]
If buying a home is on your agenda this year, you’ll need to be ready to do things a little differently when it comes to your search. Buyers will be choosing from slimmer options across the country compared to previous years, with inventories down 16 percent from last year and 38 percent from two years ago. While these numbers may sound[...]