Check out this article below about paying off student debt. My first take away for Luke, you do not need 20% down to buy a home. My second take away, less debt is a good thing. Do not get caught up in your credit score during this process. There are […]
Default insurance for mortgages with loan-to-value ratios (LTVs) exceeding 80% comes in two forms: mortgage insurance premiums (MIPs), as required by the Federal Housing Administration (FHA); or private mortgage insurance (PMI), available from private insurers. The rate of default insurance premium and the underlying interest rate vary depending on the […]
Determining how much home you can afford takes some number crunching. Sure, you should look at the listing price — but that’s only one part of the equation. In reality, there are dozens of other expenses you’ll face as a homeowner. So what should you consider when budgeting for a […]
Today’s mortgage rate trends point to the reemergence of the once common carryback sale. A carryback sale is also known as: seller financing; an installment sale; a credit sale; and an owner-will-carry (OWC). A seller who extends installment financing on the sale of their property for deferred payment of part […]
A Federal Trade Commission study of the U.S. credit reporting industry found that five percent of consumers had errors on one of their three major credit reports that could lead to them paying more for products such as auto loans and insurance. Overall, the congressionally mandated study on credit report […]