Credit Basics

Credit Basics Unless you are in a position to make a cash purchase, you will need to be familiar with your credit report and credit scores. You will need to know that there are three credit bureaus and five factors the bureaus consider to calculate a credit score. A...

What Are Closing Costs?

What Are Closing Costs? What Are Closing Costs?   That question is often asked by first time home buyers and people not necessarily familiar with the home buying process.   Closing costs are all of the costs and fees paid at the end (closing) of a real estate...

100 Percent Financing- What Is it Exactly

100 Percent Financing- What Is It Exactly 100 Percent financing means that all – or 100 percent of the purchase price of a home may be financed.  100 percent financing is also referred to as a zero down loan or zero down loan programs. So 100 percent financing...

First Time Home Buyers

First Time Home Buyers First Time Home Buyers understand that owning your own home is one of the cornerstones of the American dream. Indeed, low interest rates over the past decade have meant that more Americans than ever before have become first time home buyers....

Down Payment Assistance

Down Payment Assistance Now Available Down payment assistance can mean the difference of renting or owning.  Can you qualify for a purchase loan but you are short the funds for a down payment?  You’re not alone!  Thousands of potential home buyers are well...

FHA Loans

FHA Loans with Down Payment Assistance FHA does not provide loans; rather FHA loans are government insured loans made available to assist homeowners and home buyers in obtaining financing.  FHA loans have more flexible credit guidelines compared to conventional home...

What Is a Credit Score?

What Is a Credit Score? What is a credit score?  A credit score is one of several pieces of information a lender uses to decide whether or not you qualify for a loan. If you’ve ever had a car loan or a credit card, you’ve had a credit score, even if you didn’t know...