How inquiries impact your scores is easily on the “Top 5” list of the most misrepresented facts about FICO scores. So, in the interest of clearing up the record and dispelling all of the “inquiries are worth 12 points” myths, I'm going to walk you though exactly how mortgage inquiries are categorized and measured by the FICO credit score.
(source) Arguably, now’s a great time to buy a home — at least when it comes to affordability. According to economists with the National Association of Realtors, the Housing Affordability Index, a measure of the relative affordability of purchasing a new home, is at the highest level since the index was created in 1971. Let’s
When they're finally ready to make the jump from renting to home ownership, most first time homebuyers enlist a real estate agent to help them through the process. But an agent won’t necessarily share these eight industry secrets with you.
For homeowners who owe more on their home than it’s currently worth, convincing the bank to accept less money than the loan is the only way to sell. But there are drawbacks. Here’s what you need to know about short sales.
Getting a mortgage loan is rarely quick or easy. Unlike, say, buying a new TV, the process of applying for and actually receiving a mortgage can take a significant amount of time. Because of all the steps involved, there are many chances for the unprepared home buyer to make mistakes. The good news: properly understood,