There can be a lot of misinformation around about mortgages. Below are five myths borrowers often hear. 1. You need to save 20% of a home’s listing price for a down payment. In reality, this percentage will vary — work with your lender to find out a more accurate estimate! 2. You don’t ... » Learn More about Five Mortgage Myths
Mortgage
What Credit Score Do You Need for a Mortgage?
According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. Lending standards have tightened recently, and many are concerned over whether or not their credit score is strong enough. Stricter lending standards could ... » Learn More about What Credit Score Do You Need for a Mortgage?
Everything You Should Know About Mortgage Forbearance
Source: RIS MEDIA (TNS)— More than 3.4 million Americans are in mortgage forbearance plans, which allows them to pause payments for a month to as long as a year. As the coronavirus pandemic continues to jolt the economy, more people will face financial difficulty, including how to pay their ... » Learn More about Everything You Should Know About Mortgage Forbearance
