Tag Archive: buying a house

3 Reasons for Rejection After Preapproval for Mortgage

May 26, 2015 by Leave a comment

Between higher credit score and down payment requirements, getting a mortgage has become more challenging in recent years. Therefore, finding out you’re pre­approved for a mortgage might be the best news you’ve heard all year. A pre­approval involves a mortgage lender reviewing your income, credit and debt to determine whether you qualify for a mortgage... View Article

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What To Do When Your Partner Has Bad Credit

April 29, 2015 by Leave a comment

When you promise to love your spouse for richer and for poorer, you usually don’t factor in the financial limbo that is having a bad credit score. Mortgage lenders, however, will. Many newlyweds make the mistake of assuming that one spouse with a good credit score will balance out one with a not-so-great score, but... View Article

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5 Reasons NOT to Buy That House

April 10, 2015 by Leave a comment

You’ve probably heard all about how buying is cheaper than renting. Combine that with low interest rates and a recovering housing market, and now might seem like the perfect time to take the plunge. But there are plenty of other factors to consider—buying isn’t for everyone, nor is it right for every stage of your... View Article

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Why You Shouldn’t Put More Than 20% Down

February 23, 2015 by Leave a comment

If you have good credit, most mortgage lenders aren’t going to require a 20 percent down payment. Today, you can get a mortgage with as little as a three percent to five percent down payment, which puts homeownership within reach for many. However, if you have a huge bankroll, you might consider putting down 20... View Article

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Five Reasons to Buy a House Right Now

December 15, 2014 by Leave a comment

You might go back and forth on whether to buy a house. However, if you’ve been on the fence for years, now might be the right time to purchase. Buying a home is a huge investment that can pay off in the long run. You can build equity and add to your personal net worth, plus... View Article

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