Mortgage Expert Blog

2016 5 Mortgage Tips for Millennials

The Millennials are eager to buy their own homes. So getting pre-approved for a mortgage before making a purchase offer is absolutely the first priority. Qualifying isn’t as easy as it once was and it requires a pro-active approach.Knowing this here are five mortgage tips for Millennials:1. Consider a Low Down Payment Loan:Saving for a down payment can be a challenge for millennial home buyers. This challenge isn’t quite as high as what you might believe. Many people qualify to get a mortgage and buy a home with a very small down payment sometimes as low as 3% and when added with s...

April 20th, 2016 | mortgage, pre-approved, credit, credit score, loan, millennials, 2016 5 Mortgage Tips for Millennials

How to increase your credit scores fast

The first and most important step is to know your Fico credit scores. Mortgage lending today is based on tiered pricing which means that rates are adjusted based on the middle of your 3 credit scores. The middle credit score will determine which “tiered pricing” you will be in. The higher your credit score, the better chance of obtaining a lower interest rate. There are many factors which go into determining a borrower’s credit score. I would recommend that you check out www.myfico.com and go under the “learn about scores” section to understand more about how your...

March 30th, 2016 | credit, fast, interest rate, credit score, How to increase your credit scores fast