The company responsible for FICO score has created new credit scoring models that will be available from all three credit-reporting agencies —Experian, TransUnion, and Equifax—by the end of 2020. So, if you’re going to be applying for a mortgage to buy or refinance your home, you should pay attention to the way it’s going to affect your credit score. While
When mortgage lenders ask to review your bank statement, they are doing so to ensure that you have sufficient funds to cover the down payment and closing costs. Some also might want to see if you have enough reserves to cover the first few mortgage payments and any emergencies that might arise. That’s why it’s a good idea to steer
While buying a house is exciting, it can take much longer than you might expect. First, you need to get pre-approved for a mortgage, next you have to find a home that you can afford that checks all of the boxes on your wish list, and then you have to handle the financial paperwork…along with several other tasks. The time
If you recently purchased a home and are preparing to file your 2019 taxes, you’ll want to be aware of the tax breaks that came about as a result of the new Tax Cuts and Jobs Act that went into effect on Jan. 1, 2018. While there’s not much that has changed tax-wise since then, here’s a refresher course so
