Does Applying for a Mortgage Hurt My Credit?

Does Applying for a Mortgage Hurt My Credit?

Post You’ve decided to buy a new home, and like a majority of Americans, that means you’re also signing up for a mortgage. A mortgage can be a great thing for your credit history. In today’s market, interest rates are also…
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What Does the New FICO® 10 Credit Score Mean for Homebuyers?

Post Credit scores are essential to every aspect of your life, especially when you are buying a home. How you manage your credit plays a significant role in how your credit score is calculated, and ultimately, in determining interest rates and…
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What Happens During the Underwriting Process?

Becoming a homeowner is an experience like no other. While at times the process may leave you feeling stressed or overwhelmed, those feelings go right out the window when you finally get those keys to your new home. With several…
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Protecting Your Credit During the COVID-19 Crisis

Post Your credit is one of the most important items when it comes to your financial health. Even in the best of the times, maintaining healthy credit can be an overwhelming task, let alone during the economic uncertainties related to the…
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Mortgage Forbearance: Weigh the Pros and Cons

Post If you have been financially impacted by the COVID-19 pandemic, you may be worried about how to pay your mortgage. The Coronavirus Aid, Relief, and Economic Security (CARES) Act is a new federal law that enables two protections for homeowners…
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How the $2 Trillion COVID-19 Stimulus Bill Impacts You

Post With the recent passage of the historic $2 trillion COVID-19 stimulus package, now is a good time to consider how the law’s provisions will affect current homeowners and prospective homebuyers over the coming months. While the sweeping $2.2 trillion package…
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How to Improve Your Chance of Getting Approved for a Mortgage

Post In Partnership With Buying a home will most likely be one of the largest financial decisions you make in your lifetime. As you start your way through the mortgage process, you will want to be sure that you do as…
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What is a Cash-Out Refinance?

Post Purchasing a home is one of the largest investments you’ll make in your lifetime, and it’s important to protect your investment. For some homeowners, that might mean renovating your home to keep it up-to-date and modern. For others, it might…
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What is a Non-Qualified Mortgage?

Post As you work your way through the home buying process, you’ll begin to realize that mortgage lenders typically have a set of requirements in order to qualify you for a home loan. These might include having a steady income, at…
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VHDA Announces Increased Income and Sales Price Limits

Post Exciting news for first-time homebuyers in Virginia: the Virginia Housing Development Authority (VHDA) has announced higher income and sales price/loan limits. The changes will take effect with new applications beginning September 5, 2019. Thanks to the increased limits, more first-time…
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