FICO Score 9 Recalculations and You

Once upon a time, there was a young couple who saved and saved for their first home. They struggled through years of horrible apartments and barely rolling cars in order to put together a fund to cover their five percent down payment and closing costs, plus a little extra for repairs (just in case). Unfortunately,… Continue Reading

Everything You Wanted to Know About Escrows

As your closing approaches, it seems more and more like everybody and their uncle is crawling out of the woodwork to demand your hard-earned money. You need deposits for the utilities, a great big moving truck and even more cash for something your banker swears he told you about — your mortgage escrow account. This… Continue Reading

10 Things to Look for When Bargain House Hunting

The glut of homes repossessed during the housing market crash have mostly been reabsorbed into the system, leaving lots of new home buyers wondering how they’ll ever find a house they can afford. If you’re looking for a bargain in the housing market, don’t despair — there’s always a good deal to be found if… Continue Reading

8 Closing Nightmares and How to Manage Them

There are few experiences in life as exciting and stressful as buying a home. It’s a constant rollercoaster ride of thrills and fears, new experiences and cliffhangers that threaten to ruin all your dreams forever. By the time your inspections are over and your Realtor assures you there’s not much left to do but wait,… Continue Reading

FHA HAWK is a Perfect Solution for First Time Buyers

When you finally decided it was time to buy a home of your own, you probably had visions of flower-filled window boxes, freshly mown grass, custom painted rooms and neat little touches that made it truly your own. You probably didn’t give a thought to things like interest rates and mortgage insurance premiums, but today’s… Continue Reading

Electronic Closings Are Just Over the Horizon

You’ve endured weeks of house hunting, looking for just the right home in the right neighborhood for the right price, you went through the agony of anticipation with your home inspection and appraisal and you’re finally there — it’s time for closing. You can finally relax now, since all the hard work is done, right?… Continue Reading

First Quarter is Over, How Are Things Looking?

There are four really important times of the year for everybody who is anybody in the financial, mortgage or related industries — they happen around the middle of April, July, October and January. These are the times when we get all sorts of quarterly reports in, and those numbers can tell us a lot about… Continue Reading

10 Ways to Save Your Troubled Mortgage

We’ve written a lot about how to get a mortgage, the buying process and what the indicators say about the current housing market, but we’ve avoided the one giant elephant in the room that must be addressed. We haven’t talked about the flip side, the troubled mortgage. Obviously, we want to educate you enough that… Continue Reading

Knowing if it’s Time to Rent or Buy

There’s a certain fantasy that penetrates the American psyche, we like to call it The American Dream. It varies slightly between regions, but basically, it involves the triad of homeownership, stable employment and a marriage with 2.3 kids. Maybe that white picket fence was ideal in 1950, but times have changed dramatically since the American… Continue Reading