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Tag Archives: home loan

Mortgages Made Easy: How to Choose the Right Home Loan

Key Takeaways:

  • As mortgage rates continue hovering near historic lows, many potential buyers are eager to make a move—but it can be hard to know which type of loan is best.
  • There are dozens of different mortgage options available today, and some even have low down payment or credit score requirements. This can help a variety of buyers finally achieve their real estate goals. 
  • Need help finding a lender or choosing the right mortgage for your needs? We’d be more than happy to offer a few recommendations.

Home Financing 101: The Most Common Types of Mortgages

Let’s face it—understanding mortgages can be the most complicated part of buying a home. Even experienced buyers sometimes have trouble deciding between lenders or shopping around for the best interest rate. And because there are so many options, it can be difficult to track down the mortgage that best meets your needs.

There are a variety of factors you should consider before committing to a loan, such as your income, debt, financial history, and how long you plan on staying in your new home. But if you play your cards right, you could end up scoring a great deal. Here are some of the most popular types of mortgages, as well as their pros and cons. Continue reading

What Does Your Credit Report Say?

Do you know? You should!Credit Report Ann Arbor Mortgage Info

What’s on your credit report is more important than ever. It is reviewed when you apply for a loan to purchase a home or condo, submit an application to rent an apartment or home, or apply for credit or insurance. A prospective employer may even look at it when you apply for a job!

Did you know that by law, you are entitled to receive a FREE copy of your credit report once a year? And, from all 3 credit bureaus: TransUnion, Experian, and Equifax. There are many companies out there that offer to get your credit report for you and some of them will, but others may try to charge you fees or make you buy unneeded services. For example, the other day I received a letter in the mail from American Express. This is what it said:

Free Credit Report – Your signature below is required to try ID Protect Premium from American Express FREE for the first thirty days so you can get delivery of information regarding your protection benefits which will include the following:

1…Your Free Triple Bureau Credit Report
2…Daily Monitoring Notifications
3…Internet Fraud Monitoring

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