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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...

What Credit Score is Used for a Mortgage?

The two most well known companies in the credit scoring world use different scoring models to arrive at your credit score When applying for credit of any kind our credit score is one of the most important factors that is considered in any lending decision.  For this...

How Buying a Car can affect your Ability to Buy a Home

Americans have always had a love affair with their cars and owning a new car is the dream of many, and almost a sign that “you’ve made it” when you pull in to your driveway with that brand new vehicle.  But buying any car, and especially a new car comes with a large...