lenders: 6 Mortgage Shopping Myths - 01/29/11 12:54 AM

Mortgage shoppers hear many strange tales about the home loan-shopping process. Here are 6 common myths about shopping for a mortgage and the facts you should know:
Myth: Shopping for a mortgage loan will hurt your credit score.
Fact: Credit scoring companies know most people want to shop around for a mortgage or car loan. That’s why their formulas allow a window of time during which multiple inquiries about your credit will be counted as only one inquiry. If you stay within that window, you don’t have to worry about shopping for a loan from multiple lenders.
Myth: All lenders sell … (12 comments)

lenders: Lower Rates With A Higher Score - 05/29/10 07:53 AM
Lenders are an increasingly difficult crowd to please, so if you're looking for the best deal on a mortgage, you need a couple of strategies to improve your credit score. Lenders use that number to determine your risk of default, and it may be the single most important factor in your application.
Scores range anywhere from a very risky 300 to a perfect 850.  You'll need a 750 today to  get terms a 700 would have gotten you two years ago.  Begin with a $16 investment at myfico.com, where your three reports from Experian, Equifax and TransUnion are averaged into one … (1 comments)

lenders: KEEP THE CART BEHIND THE HORSE! - 07/06/08 08:38 AM
It's probably no surprise that nearly all buyers require financing for their home purchase.  The real challenge today is not only getting the loan as it is in finding the loan that's right for you.
The time to start your loan search is before you begin looking at homes.  After you've reviewed your loan options, you'll have a better idea of just how much home you can afford.
Starting early also gives you an edge when you offer to purchase a property, because most contracts will specify that you have to apply for financing within a certain amount of time, usually … (11 comments)

 
Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)

Gabe Sanders

Stuart Florida Real Estate

Stuart, FL

More about me…

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales

Address: 2391 SE Ocean Blvd., Stuart, FL, 34996

Mobile: (772) 323-6996

Office: (772) 888-2885


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