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What is Considered a Good Credit Score?

What is Considered a Good Credit Score?

Your credit score can make or break your ability to get a loan. So what do lenders consider a ‘good credit score?’ It can vary by lender, but on average, most lenders consider scores over 700 good. Of course, the higher your credit score the better off you’ll be....
Can you Take Over Someone’s Mortgage if It’s Assumable?

Can you Take Over Someone’s Mortgage if It’s Assumable?

Does taking over someone’s mortgage seem easier than getting your own mortgage? You might be in for a little surprise. Today, an assumable mortgage still requires approval, just like you would need if you took out your own mortgage.There are benefits of assuming...
Take Advantage of California First-Time Home Buyer Programs

Take Advantage of California First-Time Home Buyer Programs

Do you live in California and are trying to buy your first home? Did you know that there are California First-Time Home Buyer Programs available? These programs are run by CalHFA. You do not apply for the loan directly through CalHFA. Instead, you apply with a CalHFA...
What is the Fannie Mae Waiting Period After a Derogatory Event?

What is the Fannie Mae Waiting Period After a Derogatory Event?

Recent derogatory events on your credit report increase your risk of defaulting on a loan in the future. This is especially true if you take out a new mortgage. Because of this, Fannie Mae has a specific waiting period you must go through before you can secure a...
What is the Minimum Credit Score Needed for a Conventional Loan?

What is the Minimum Credit Score Needed for a Conventional Loan?

Your credit score could fall anywhere between 350 and 800. It’s safe to say, though, if you fall on the lower end, you’ll have a hard time finding a mortgage from any lender. That doesn’t mean you won’t find a loan, but finding a conventional loan would be next to...
Should you Buy or Build a House?

Should you Buy or Build a House?

It’s time to take the plunge and buy your own house. It’s an exciting time! Before you start the process, though, you have to decide if you should buy or build a house.There are many factors that go into this decision. Do you want to buy a home that’s ready to go or...