Finding a first-time homebuyer who actually has the necessary credit score to qualify for a mortgage can be challenging. According to a study published by the Federal Reserve Bank of New York, more than one-third of Americans have a credit score below 620. What is even more alarming is the CFPB study that found there are another 45 million adults who are either un-scoreable or who do not have a credit score.
Read MoreAs we begin to thaw out from winter and finally into spring, renovation and home improvement projects start to be discussed. Winter storm damage as well as remodeling projects are on the rise. Furthermore, limited inventory and increasing home prices have brought headwinds to the purchase market. In an article in Remodeling.com, a study by Metrostudy forecast that home improvement/remodeling will be steadily increasing in 2018 and continue through 2020 (and possibly beyond).
Read MoreHas plagiarism become a matter of epidemic proportions in the mortgage industry?
Read MorePeople are working. Unemployment is low. But, still, a lot of the people do not have the credit needed to buy a home. Interest rates are continuously hovering low and predicted to stay low thru 2018. Most importantly, the number of renters continues to climb significantly.
Read MoreAt any forward-thinking company whether in the mortgage business or a completely different industry; there is one thing that will be undeniably in common, that is we are all constantly trying to understand the best ways to market to millennials. Millennials are the future of our economy, and more importantly the largest group of future homebuyers.
Read MoreBuying a home is a stressful moment in anyone’s life. There are tons of planning and moving parts involved so it’s understandable! Choosing the right lender is also another factor to consider there are several methods and options for buyers to help them get in the home of their dreams.
Read MoreImagine yourself a young person in a home in 2008 that your family had only recently moved into. You changed schools as your parents did all they could to buy in a particular neighborhood which would allow you to go to an award winning school with test scores at the top of the charts.
Everything seemed perfect as you finally had your own room with privacy you so desperately prayed for and a neighborhood full of kids your own age who all felt safe to play out front.
But it was not to last...
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