Home Mortgage Tips , ,

Rookie Mistakes: Don’t Make These 4 First-Time Homebuyer Mistakes

Buying your first home is exciting. Many young people view homeownership as the definitive mark of adulthood, the final milestone on a decades-long journey. And while becoming a homeowner is cause for celebration, you'll want to ensure you keep your enthusiasm in check just a little while longer. Keep a level head and you'll easily avoid these common mistakes first-time buyers make. Don't View Your Home As An Investment First-time buyers commonly think that they can invest everything they've saved into a home, fix it up, and then sell it for a large profit in a few years. However, a…
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Home Buyer Tips , ,

How the Truth in Lending Act Protects You When You Take Out a Mortgage

If you're planning to get a mortgage, it's critical that you know your rights under the law. The Truth in Lending Act (TILA) is a piece of federal legislation that governs how mortgage lenders can and cannot operate their businesses. So how does the Truth in Lending Act protect you, and what are your rights under this legislation? Here's what you need to know. Your Lender Must Give You A Timely Loan Estimate A Loan Estimate (previously known as a Good Faith Estimate) is a document your lender provides you that details information about what kind of a mortgage you've…
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Home Mortgage Tips , ,

5 Steps Towards a Better Credit Score You Can Take Today

When it comes to finding the best mortgage, your credit score is a major determinant as to the kinds of rates and conditions you can get. Lenders quite understandably want to manage their risk. But for a number of potential homeowners, these practices and policies can be a barrier to home ownership. The good news? If your credit score isn't great, you can easily improve it and get better lending terms. Here are five steps you can take right now to give your credit a boost. Get Your Annual Credit Report And Dispute Errors Simply disputing errors on your credit…
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