Mortgage Info

FICO Scores and Your Mortgage

FICO Scores and Your Mortgage Three years ago, credit scoring had little to do with mortgage lending. When reviewing the credit worthiness of a borrower, an underwriter would make a subjective decision based on past p...
Posted by: Linda Bagley
Categories: Mortgage Info

What is a FICO Score?

What is a FICO Score? FICO stands for Fair Isaac & Company and is the name for the most well known credit scoring system, used by Experian. The credit bureau’s computer evaluates a complete credit profile an...
Posted by: Linda Bagley
Categories: Mortgage Info

FICO Score – a Brief Explanation

FICO Score – a Brief Explanation When you apply for a mortgage loan, you expect your lender to pull a credit report and look at whether you’ve made your payments on time. What you may not expect is that th...
Posted by: Linda Bagley
Categories: Mortgage Info

Which ARM is the Best Alternative?

Which ARM is the Best Alternative? How would you like a mortgage loan where you did not have to make the whole payment if you did not want to? Or would you like a loan with an interest rate about one percent below a t...
Posted by: Linda Bagley
Categories: Mortgage Info

Closing Costs When Buying or Refinancing a Home

Closing Costs When Buying or Refinancing a Home This is a detailed summary of costs you may have to pay when you buy or refinance your home. They are listed in the order that they should appear on a Good Faith Estimat...
Posted by: Linda Bagley
Categories: Mortgage Info, Residential Real Estate Listings

The Biweekly Mortgage – Who Needs It?

The Biweekly Mortgage – Who Needs It? Have you received an advertisement offering to save you thousands of dollars on your thirty-year mortgage and cut years off your payments? With email “spam” beco...
Posted by: Linda Bagley
Categories: Mortgage Info

Documenting Your Assets – Verifying Your Down Payment

Documenting Your Assets – Verifying Your Down Payment When buying a home, it is not enough to just “come up” with the money. With the exception of “no asset verification” loans, lenders w...
Posted by: Linda Bagley
Categories: Mortgage Info

Your Savings and Down Payment

Your Savings and Down Payment Your First Step Toward Buying a Home When preparing to buy a home, the first thing many Homebuyers do is look at “homes for sale” ads in newspapers, magazines and listings on ...
Posted by: Linda Bagley
Categories: Mortgage Info