Learn how to Build Real Estate Wealth from blog posts written by the expert advisors with Your BREW Team!
Trying to figure out what your actual mortgage credit scores are can be extremely frustrating. How do you know which one to click? Companies like Credit Karma use a scoring model called VantageScore but mortgage credit scores are the more widely known FICO score. Here is what’s important to know.
Buying a home is one of the largest purchases most people make, but there are some things to avoid during the mortgage process. Getting pre-approved is the first thing you need to do. After that, it’s crucial not to change your financial situation. Avoid the events below prior to closing to ensure your path to a new home is as smooth as possible.
One of the biggest myths for homebuyers is that you can’t have any debt to qualify for a home loan. A variation of this myth is that to get approved you should always pay down your debt. Your BREW Team would like to set the record straight. The amount of debt you have does not automatically disqualify you from being able to buy home.
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