For many homebuyers, multigenerational living used to be considered an option of last resort: it was a route families took only when they needed to ride out a financial storm or care for ailing family members. But that mindset is on the decline: A growing number of families now say that they are embracing multigenerational […]
Articles about Credit relating to Real Estate and Mortgage Loans
Articles about Credit relating to Real Estate and Mortgage Loans.
Credit is the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people.
The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment.
Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower.
Top 4 Factors to Consider When Choosing Your Mortgage
With home prices and rates still relatively high, securing a mortgage can feel daunting––even to the most experienced borrowers. But don’t let that deter you: If other homebuyers’ experiences are any indication, odds are you’ll eventually find a home loan that works well for you. In fact, most U.S. homeowners say they’re satisfied with the […]
8 Strategies to Secure a Lower Mortgage Rate
Securing a Lower Mortgage Rate can save you thousands of dollars over the life of your home loan. Here are 8 simple ways to do so. Mortgage rates have been on a roller coaster ride this year, rising and falling amid inflationary pressures and economic uncertainty. And even the experts are divided when it comes […]
A Competitive Credit Score Saves Big When Actually Buying a Home
Your Credit Score is incredibly important when you plan to buy a house or refinance a home mortgage. Yet this is one of the most overlooked parts of a home buying plan. The challenge is to start well ahead of the actual purchase of a home so you can position yourself in the best possible […]
Tips for Buying a Home Even When Your Credit Profile Isn’t Ideal
Guest Post by Bob Shannon Photo from Pixabay When making large purchases that require a loan, building a good credit score is critical. Despite your best efforts, you may find that your credit profile isn’t ideal when it comes time to purchase a house. Many people find themselves in this situation, but there are things […]
Tips for Cutting Household Expenses [VIDEO]
Question: Libby, can you give me some tips on cutting household expenses? Answered by Libby Guthrie Video Transcript Hi, I’m Libby Guthrie, Keller Williams Realty in Northern California. I’m going to give you some tips today on cutting your household expenses. I know Ken and I have really looked at our expenses lately and have […]
Pre-Qualified vs Pre-Approved: What’s the Difference?
One of the first steps in purchasing a home is getting either pre-approved or pre-qualified for a mortgage. Unless of course, you’re buying with all cash. 😁 It’s very easy to get confused between the two things. So, should you get Pre-Qualified or Pre-Approved for a mortgage loan? Without getting into too much detail, we’ll give you […]
