How to begin the home buying process

How to begin the home buying process

Whether you’re a first-time buyer or you’re ready to upgrade, the tips we share here will help you prepare for landing a nest you love.

How to Prevent or Mitigate Identity Theft

How to Prevent or Mitigate Identity Theft

Identity theft poses a serious threat to your credit and homeownership prospects. Read on to learn more about how to protect your identity and what to do if you notice fraudulent activity.

What you need to know about new conforming loan limits

What you need to know about new conforming loan limits

Photo by Milly Eaton from Pexels MICHAELA PHILLIPS Guaranteed Rate, Inc. If you’re planning to make 2020 the year you become a homeowner, you should be aware of the new conforming loan limits set by the Federal Housing Finance Agency (FHFA). Home prices across the...
Homebuying: Understanding the components of your FICO score

Homebuying: Understanding the components of your FICO score

Improving your credit score can be an important step in the homebuying process. Not sure where to begin? Knowing the various weights given to each component of the commonly used FICO® Score will help you identify any areas that may require improvement.

Understanding RESPA

Understanding RESPA

If you’ve never heard of the Real Estate Settlement Procedures Act (RESPA), you’re not alone. This law was passed by Congress in 1974 and is instrumental in protecting buyers from abusive real estate practices. Curious about RESPA and how it helps you? Here, we share the key details of this vitally important act.

How the Fed’s interest rate decisions affect mortgage rates

The Fed lowered rates by a quarter of a percentage point Wednesday, for the third time this year, in an 8-2 vote. Citing “global developments for the economic outlook as well as muted inflation pressures” in a statement released by the Federal Reserve, policymakers dropped the target range for the federal funds rate to 1-{ to 1-} percent.

What is a rapid credit rescore?

What is a rapid credit rescore?

A rapid credit rescore is provided through a process by which the lending company submits proof to a credit reporting agency of recent updates to your credit account that may not yet be reflected on your official credit report. A rapid rescore can only be offered through your lender; home loan applicants cannot apply for one on their own.

VA loan options and property types

There are a variety of VA loan options available, so work with your mortgage lender to make sure the loan is the best fit for you.

What you need to know about the inverted yield curve

What you need to know about the inverted yield curve

If you’ve been following the news recently, there’s no doubt you’ve heard about the inverted yield curve. However, this term is unfamiliar to many, and you may be curious about what the inverted yield curve means.

First-time homebuyers, now is the time

First-time homebuyers, now is the time

It is never easy to be a first-time homebuyer, but now is the time to pay attention and get rolling to purchase a home. Interest rates are low and financing programs are available with lower than 20 percent down payment required.

What is a loan recast and is it right for you?

What is a loan recast and is it right for you?

Most homeowners are familiar with the possibility of refinancing their mortgage, but few are aware that a loan recast is also an option that assists homeowners in lowering their monthly mortgage payment.

Buying a home? Consider a VA loan

Buying a home? Consider a VA loan

A VA loan is available through a program with the Department of Veterans Affairs. It’s designed for service members, veterans & eligible surviving spouses.