first time home buyers: Understanding Credit Scores for the First Time Buyer
- 06/15/12 12:40 AM
For many, understanding how the big three credit agencies (Equifax, Experian and TransUnion) arrive at their scores is complicated. When a Charlotte homebuyer decides to purchase a home, having their credit pulled by a mortgage company is one of the most personal parts of the process. In our latest article, we discuss what factors are most important from the past in determining the score as well as what a potential buyer might change in hopes of raising their score. http://www.fairwaync.com/blog/2012/06/13/what-does-your-credit-score-mean/ … (0 comments)
first time home buyers: Improving your Credit Score
- 12/01/11 10:37 PM
For a Home Buyer, the biggest obstacle is often a credit score too low, or a damaged credit history. Credit scores can be improved, sometimes very fast, with honest and ethical steps that any home buyer can take if they know the right things to do. This video is a great place to start to get educated on improving your credit. In general, a First Time home buyer will need, or want to have a credit score of 640 or higher. For most loan programs, higher credit scores mean lower mortgage interest rates. Having a score too low means a potential … (2 comments)
first time home buyers: Eligible Veterans in Charlotte Need to know about VA Loans
- 09/13/11 07:51 AM
The VA Home Loan program is one of the best benefits for former military members and a great way for current military members to buy a house in Charlotte, NC, or anywhere in the Carolinas. In Charlotte, the manager of Fairway Independent Mortgage is recently retired from the NC Air National Guard, so Fairway knows a thing or two about VA loans - both as a lender, and a user of the VA home loan program. Here are a few great reasons why a VA loan is such a great loan program for Veterans: No Downpayment No Monthly PMI Low market … (0 comments)
first time home buyers: Guide to Buying a Home
- 02/28/11 11:02 PM
We just published a guide to buying a home. This will be a great resource for First Time Home Buyers in Charlotte. The guide covers such topics as: Finding a Real Estate Agent Finding a Mortgage Lender Location Watching the Market Inspections Making the Offer Closing on the home and getting the keys Download a copy today for yourself, or to give to a First Time Homebuyer that you know. The guide also have information that will be useful for expereinced home buyers as well. … (0 comments)
first time home buyers: In North Carolina, we still have a First Time Home Buyer Tax Credit
- 11/15/10 04:22 AM
In Charlotte, NC, First Time Home Buyers can still get a Tax Credit when they buy their house - and this one can be a lot larger than the old $8,000 First Time HOme Buyer Tax Credit. If you have a Smart Phone with a QR Scanner, you can learn more by scanning the image to the right. The Mortgage Credit Certificates give First Time Home Buyers with certain income limits the ability to get up to $2,000 a YEAR off off their income tax bill. Most people can increase thier deductions to get the money added to their paycheck every … (1 comments)
first time home buyers: First Time Home Buyers in Charlotte
- 11/04/10 02:03 PM
Buying your first home in Charlotte is a HUGE step. Too many qualified people are not looking to buy right now because they are listening to the wrong people. Don't listen to a newspaper article written by a 23 year old journalism major who rents a house with 5 other people. Don't listen to a 'financial guru' that bought their first home in the 1970's and can't relate to where you are. Buying your first home in Charlotte is too important to trust to just anyone. As Mortgage Planners, we work with First Time Home Buyers to make sure they understand the whole … (2 comments)
first time home buyers: How to analyze the decision to rent or buy a home
- 11/11/09 02:00 AM
This video shows the Rent vs. Own comparison we customize for our clients to help them make a better choice. We all make decisions emotionally, but I feel out best decisions are backed up by the numbers. If you would like to get a complimentary analysis like this for your specific scenario, just send me an email to get started. … (0 comments)
first time home buyers: Young couples should rent???
- 10/22/09 10:14 PM
A recent opinion piece in Investment News claimed that ‘For young couples, renting may be a better option". I hate headlines like that - they are designed to get your attention, but most people don't have the time to read the article. They end up with this piece of random advice floating around their head that can cause them to doubt their decisions. Here's a good rule to follow - don't take advice that is generic for everyone! Why? First of all, you don't know the person giving the advice and their qualifications to advise you. Secondly, does it apply to … (9 comments)
For many, understanding how the big three credit agencies (Equifax, Experian and TransUnion) arrive at their scores is complicated. When a Charlotte homebuyer decides to purchase a home, having their credit pulled by a mortgage company is one of the most personal parts of the process. In our latest article, we discuss what factors are most important from the past in determining the score as well as what a potential buyer might change in hopes of raising their score.
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