mortgage: Can I Buy A House With Bad Credit?
- 04/29/21 06:09 AM
Buying a house is a massive undertaking. As a home buyer, you are probably relying on a mortgage to get the funds they need to purchase a new home. Lenders consider various things before they give these buyers a mortgage loan. One area they consider is one's credit standing. Your credit score shows your creditworthiness to a bank and gives the bank a window into how you have handled past credit. Can you buy a house with bad credit? This post will help you discover the answer. Credit Scores Here is FICO's credit rating and how a lender will view your credit score. Exceptional credit standing … (2 comments)
mortgage: I AM IN NO RUSH
- 11/09/13 01:01 AM
Just got off the phone with a home buyer. Its a lower end, low money down first time home buyer, limited funds, limited options. But it is totally doable. That's fine, I love first time home buyers. The buyer expressed the desire for a home for his growing family. There really was't anything he was interested in and he finished the conversation with: I am in no rush, I will wait for the right home. I don't care if it takes two years. So what you are really telling me Mr HomeBuyer: I am not a serious buyer. I have no … (6 comments)
mortgage: Interest Rates Are Still Low- A Historical View
- 09/16/13 05:30 AM
I saw a slight softening of the real estate market after the aprroximately one point spike in interest rates. It seems like the market this spring was going crazy with multiple bids, and numerous properties going over asking. Extremely low interest rates have kept the real estate market rolling along. Current interest rates are hovering between 4.5% to 5% where does that leave us over a 50 year period on the rate for a 30 yesr fixed mortgage? Out of curiosity, I wanted to see where rates on a 30 year fixed rate were historically. I did a little research and … (0 comments)
mortgage: It ain't over till the Fat Lady Sings!!
- 04/30/11 06:27 AM
Someone just hit my blog asking if a home buyer that is under contract can back out of purchasing their home. Simply put, It ain't over till the fat lady sings!! It may vary from state to state depending on state law and what is considered standard and typical in your state. In Massachusetts, many of the basic contracts are relatively the same when it comes to purchasing a home. There are typically two contingencies in the contracts that we see where buyers can withdraw from a contract and if done it a timely manner and properly they will receive all … (4 comments)
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Kevin Vitali
Helping Massachusetts Home Buyers and Home Sellers
Buying a house is a massive undertaking. As a home buyer, you are probably relying on a mortgage to get the funds they need to purchase a new home. Lenders consider various things before they give these buyers a mortgage loan. One area they consider is one's credit standing.
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