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.
A down payment on your first house is probably the largest single sum of cash you'll ever put together outside of retirement savings. Where should you stash that cash? Here are three options to consider — and two to stay away from.