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5 Critical Factors You MUST Consider When Shopping For a Home and a Mortgage

 

 

For most Americans, homeownership is the American Dream and has provided the cornerstone to building wealth.  Yet countless Americans shop for a home and then a mortgage without considering many critical factors.  These factors can mean the difference between enjoying your home while building long-term wealth versus financial disaster.

 

#5 – . . . → Read More: 5 Critical Factors You MUST Consider When Shopping For a Home and a Mortgage

Does Your Credit Score Need Help? Top Five Ways to Boost Your Credit Score.

 

 

As a trusted mortgage professional, I encourage home buyers to get pre-qualified and to review their credit months before they start looking for a home.  But don’t be fooled by simply checking the credit score that you get for free through your credit card company or some other service!  These credit scores . . . → Read More: Does Your Credit Score Need Help? Top Five Ways to Boost Your Credit Score.

What Do Homebuyers Think of the Mortgage Industry?

 

A recent survey has uncovered some disturbing – and often inaccurate – opinions homebuyers have about the mortgage industry.

Value Insured, a Dallas-based insurance company, surveyed 1,019 homebuyers.  (While some interesting statistics emerged, I should note these statistics reflect the exact opposite of other much larger consumer surveys.  See “Even in the Digital . . . → Read More: What Do Homebuyers Think of the Mortgage Industry?

FICO or FAKO?? The Credit Score You’ve Obtained May Not Be So.

 

This article inspired and edited from a recently published article by Alan Hayon, Certified FICO Professional and President of Credit Advisory Group (CreditAdvisoryGroup.com) in Garden City, New York.

 

Many consumers preparing to purchase a home obtain credit scores from websites like Credit Karma or Credit.com to avoid surprises during the application process. . . . → Read More: FICO or FAKO?? The Credit Score You’ve Obtained May Not Be So.

Even in the Digital World, Consumers Want A Trusted Mortgage Advisor.

 

 

The internet, smart phones, and social media have changed the way consumers shop and how businesses market to them.  And additional changes are inevitable as technology races ahead.  Yet, despite these technological advancements, the majority of consumers still want a trusted human advisor to arrange their mortgage.

 

A report (“Trust In . . . → Read More: Even in the Digital World, Consumers Want A Trusted Mortgage Advisor.

Down Payment Misconceptions Hinder Millennials From Owning a Home

 

 

 

Misconceptions about down payments continue to hinder millennials from owning a home.

 

Industry professionals at a recent Mortgage Bankers Conference cited the “20% Down Payment” misconception as “the greatest cause of confusion among first-time buyers.”  In fact, a study conducted by United Wholesale Mortgage and Michigan State University found that . . . → Read More: Down Payment Misconceptions Hinder Millennials From Owning a Home

Dispelling Lending Myths

  Obstacles to home-ownership have reached such mythical proportions that many prospective home buyers believe it’s futile to even try!  Fortunately, many of these perceived obstacles have little or no basis in reality.

After hearing many of these misconceptions from home buyers and real estate professionals alike, let’s take a moment to dispel these . . . → Read More: Dispelling Lending Myths

When is the Best Time to Buy a Home?

 

With twenty-five years’ in the mortgage industry, I’ve pretty much seen it all.  I’ve seen buyer’s markets and seller’s markets.  I’ve seen rates way up and rates at all-time lows.  I’ve seen home values appreciate out of sight and home values spiral back to earth.  Through every market, prospective home buyers have asked, . . . → Read More: When is the Best Time to Buy a Home?

It Doesn’t Take A Rocket To Get To The Top.

 

I had an idea for a new business.  It’s a website where sick patients can go to diagnose their ailment.  Simply type in your symptoms and the website will diagnose your disease, prescribe medication, and ship it to your door within 24 hours.  No need to speak to a doctor or a pharmacist.  . . . → Read More: It Doesn’t Take A Rocket To Get To The Top.

Changes to the STAR Rebate Program

 

The New York State School Tax Relief Program (more commonly known as the STAR Program), is a school tax rebate program offered in New York State aimed at reducing school district property taxes on the primary residences of New York residents.  The program is similar to (but is much less extensive than) the . . . → Read More: Changes to the STAR Rebate Program