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What is a Credit Score?

A consumers credit score is one of the most important items of consideration a lender will evaluate when reviewing a loan application.  Building a good credit score and maintaining that credit score is one of the most important things a consumer can do to create a...

What is the Average Down Payment on a House?

The down payment on a home and how much to put down is one of the most frequently asked questions I get as a loan officer.  There is no single answer to this question because there are a number of loan programs available, and each comes with their own down payment...

What is a Cash-Out Refinance?

Refinance volume in the US reached all-time highs in the past several years due to mortgage rates dipping to historically low levels.  While a rate / term refinance is still the most popular type of refinance in the US there is a second type of mortgage refinance that...

5 Things Everyone Should Know About Their Credit Score

If you thought grades ended when your school career ended you might want to think again.  A consumer’s credit score can be thought of as a grade that rates each of us on our creditworthiness and a little bit about our financial health.  Maintaining a good credit score...

How to Buy a House with No Money Down

Buying a house with no down payment is certainly a possibility in today’s housing market.  The key to finding the right program for you is to connect early with a good lender that will guide you through the loan process and recommend a good no money down loan based on...