Related Posts

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  The Second Most-Costly Mistake Homebuyers Make

  Several months ago, I addressed the biggest mistake most homebuyers make. This mistake costs many homebuyers thousands of dollars. You can click on that blog here: https://mycreditplan.org/Blog/the-most-costliest-home-buyer-mistake   There is another – the second biggest mistake - that most homebuyers make. It is nearly as costly as the first one. It is following incorrect advice from those (mainly loan officers) that really do not know the correct answers to your credit situation. It is sometimes innocent, but it also involves laziness and a "how dare you question me!" type attitude prevalent among lenders. It is your money and don’t you want to fight for a lower monthly mortgage or auto loan payment? In most cases, lenders will not do it. This hidden, but substantial problem, costs many homebuyers thousands of dollars.
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  Where are the First Time Homebuyers?

  Over the last three months, first time homebuyers have canceled new construction contracts, have canceled existing home contracts and basically no longer engaged in purchasing a home. They are MIA. It has gone from bad to worse with rates jumping so high. When are the first time homebuyers going to come back?
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  The Most Costly Mistake Home Buyers Make

  There are four separate home buyers purchasing the same exact home with the same sales price of $300,000, same seller concessions and down payment. Everything is the same for the four buyers except how much they eventually pay. You would think since the sales price is the same for the four buyers, they will all pay the same. They don’t. They all will pay different amounts. This unfamiliar oversight is the most costly mistake most prospective homebuyers make!
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  Is Now the Time to Purchase a Home?

  The housing market has been going through a substantial reset in most parts of the country over the last year. With interest rates high, is this a good time to purchase a home?
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  The Housing Market Takes a Dramatic Shift

  The last few weeks have seen some of the highest interest rates for mortgages seen in almost 15 years. Rates jumped from the low 5.00% on a 30 year fixed rate mortgage to about 6.50% before settling back closer to 6.00%. With rates jumping so much, where does the housing market go from here? There are already some signs.
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  The Relation Between FICO® Scores and Mortgage Payments

  Many new homebuyers have little-to-no understanding how FICO scores will determine monthly payments and ultimately, your purchasing power. This is so critical for new homebuyers to check your FICO scores and identify solutions to improve them before looking for a new home.