When it comes down to buying your first home on Long Island you have the income and down payment but what about your credit. What does your Credit Score Really Mean? Your credit score is a number that represents your ability to pay off your debts on time. Credit scores range for 300 to 850 from the three credit bureaus. The Higher your credit scored the easier your approval process will be.
Here is how lenders look at your Credit Scores: Excellent Credit is 750+ Good Credit 700 to 749 Fair … (1 comments)
# 1 Arrange Documents It is important that you gather the following items in to a central location and keep updating the data on a monthly basis Last 2 years for tax returns or 1040’s with all schedules Last 2 years W-2’s Last 30 Days Pay stubs Last 2 Months Bank statements all pages Last 2 Months Investment statements all pages Last 2 Months Retirement statements all pages Driver’s License Last 12 month’s rental payments if pay by check #2 Understand Your … (0 comments)
# 1 Arrange Documents It is important that you gather the following items in to a central location and keep updating the data on a monthly basis Last 2 years for tax returns or 1040’s with all schedules Last 2 years W-2’s Last 30 Days Pay stubs Last 2 Months Bank statements all pages Last 2 Months Investment statements all pages Last 2 Months Retirement statements all pages Driver’s License Last 12 month’s rental payments if pay by check #2 Understand Your Credit … (1 comments)
This is the biggest decision you will ever make being a First Time Home Buyer in Merrick NY can be very confusing. Hopefully this article will help clarify the process and help you make the right decision.
1) What is a Mortgage?
A mortgage is loan given by a creditor (lender) to a debtor (borrower) to purchase a personal real estate also known as a Home A creditor will lend a debtor money to purchase real estate. The creditor will require documents that detail how the money will be paid back commonly known … (0 comments)
Call David or Erika Bailey at 631-589-3600 Licnesed Loan Originators at The Mortgage Outlet
This is the biggest decision you will ever make being a First Time Home Buyer in Wantagh NY can be very confusing. Hopefully this article will help clarify the process and help you make the right decision.
1) What is a Mortgage?
A mortgage is loan given by a creditor (lender) to a debtor (borrower) to purchase a personal real estate also known as a Home A creditor will lend a debtor money to purchase real estate. The creditor will require … (0 comments)
This is the biggest decision you will ever make being a First Time Home Buyer in Massapequa Park NY can be very confusing. Hopefully this article will help clarify the process and help you make the right decision.
1) What is a Mortgage?
A mortgage is loan given by a creditor (lender) to a debtor (borrower) to purchase a personal real estate also known as a Home A creditor will lend a debtor money to purchase real estate. The creditor will require documents that detail how the money will be paid back … (0 comments)
This is the biggest decision you will ever make being a First Time Home Buyer in Massapequa NY can be very confusing. Hopefully this article will help clarify the process and help you make the right decision.
1) What is a Mortgage?
A mortgage is loan given by a creditor (lender) to a debtor (borrower) to purchase a personal real estate also known as a Home A creditor will lend a debtor money to purchase real estate. The creditor will require documents that detail how the money will be paid back commonly known … (0 comments)
If you are a home owner in Sayville that is underwater on your existing conforming or conventional mortgage, you may be eligible for a refinance without paying down ANY principle, without paying mortgage insurance, and in many cases, without spending any money out-of-pocket.
HARP, the acronym for Home Affordable Refinance Program, is a financial aid program announced by the US federal government in 2009 to help millions of homeowners who are either near-underwater or underwater (means you have zero - or even negative - equity in your home) to refinance into a fixed loan … (1 comments)
First Time Home Buyers on Long Island NY – 10 Things you should know about your credit!
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