Miscellaneous

Introduction

Related Articles

Mortgage Insurance

Home Insurance

Life Insurance

Mortgage Strategies

Mortgage or Rent

Obtaining A Mortgage

Credit History

Credit Report

Credit Score

Credit Reporting Agencies

FICO Score

Saving

Miscellaneous Introduction

Do you know your FICO score? Lenders use your score to determine your interest rate. Before applying for a mortgage get a copy of your credit report. Fixing errors and working to repair your credit can get you the interest rate you want.

Getting your first mortgage is exciting, find out what you need to do before you apply for your mortgage. Get a copy of your credit report, find out your FICO score and fix any errors. See your mortgage broker for pre-approval, getting pre-approval from a lender before going house-shopping means that you will know your budget and can lock in your interest rates. Get the best mortgage loan for you.

Rent or own – which one is right for you? Home ownership offers tax breaks, the build up of equity and pride of ownership while renting can offer flexibility and lower expenses. Use a rent vs. buy calculator to make the right decision for you.

Get information on Lenders. Real estate offices are often a good source of lender information. Many private investors fund mortgages through brokers. Some homeowners may offer to take back a mortgage. There are even sellers who will consider a lease-to-purchase option, which allows a prospective buyer to lock in a price and begin paying down the principle as a renter while still shopping for a mortgage.