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Articles Tagged "Mortgage"

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Ann Arbor, MI | 47 Posts
Belleville, MI | 1 Posts
Buy a Home | 27 Posts
Home Safety | 1 Posts
Homeownership | 3 Posts
Plymouth, MI | 8 Posts
Sell Your Home | 29 Posts
June
1

Home Financing Changes - Remerica Hometown Realtors

Our REALTORS® are here to help you at every step of your home buying journey. That includes your quest for a financing package that will really work for you.

Financing is an essential piece of the puzzle for any homebuyer. Although it is most challenging for first-time buyers, it's always important to handle it with care. The right financing package can save you tens of thousands of dollars over the course of your home loan.

Ann Arbor homes for sale are still well within reach for a well-prepared buyer. However, you'll need to adjust your strategy to a housing market that has transformed practically overnight.

Here's what you need to know.

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December
16

Credit Score Factors - Remerica Hometown REALTORS

Your credit score is a powerful three-digit number that affects many aspects of your life. Lenders use it to decide whether you get approved for a loan and at what interest rate. If you're shopping for Ann Arbor homes for sale, it's important to know what affects your credit score and the dos and don'ts of improving your creditworthiness. The 5 biggest factors that go into how your credit score is determined are:

  1. Payment History
    Your payment history is the most important component of your credit score and determines 30% of your credit history. This scoring factor is used to forecast future long-term behavior. It looks at whether you can be trusted to repay the loan. FICO scores look at the amount of overall debt you carry, your credit card balances, credit limit, and the relation of your balance to the original loan amount.

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January
31

Loan Pre-approval
You wouldn't go shoe shopping without knowing your size, or set up a date without having considered what you're looking for in another person. So why would you go house shopping without knowing how much house you can afford? You might have a general idea of your budget, but there's only one way to know your price range for sure, and that's by getting pre-approved.

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