With Americans spending more time at home, many families are eager to buy a house to make their own and fleeing to the suburbs where they can enjoy more space and work remotely.
With Americans spending more time at home, many families are eager to buy a house to make their own and fleeing to the suburbs where they can enjoy more space and work remotely.
Topics: first time homebuyers, homebuyers, real estate markets, housing market, larger homes
MILWAUKEE, WI (September 1st, 2020)—GO Mortgage, a national full-service mortgage lender, congratulates Jenni Geiger on her new role as Vice President of Production.
Topics: customer service, homebuyers, homebuying process, mortgage process, promotion, Jennifer Geiger, mortgage loan origiantor
Credit Scores are created by a mathematical formula that reviews a person’s outstanding credit, credit history, and past payments. Credit scores can range between 300 to 850 and are used to help lenders determine how likely you are to make your proposed payments on time. The higher the score, the less likely people are to default on their loan.
Topics: FICO score, first time homebuyers, homebuyers, credit, credit report, credit score
When it comes to applying for a mortgage, your credit score is the main factor in determining everything from your interest rate, to your monthly payments, and the terms of your loan. Lenders use credit scores to determine the amount of risk they are taking when issuing a loan. The lower the credit score, the higher the risk that is associated with the borrower.
The good news is you don’t need a "perfect" credit score to secure financing. There are home loans available that only require a minimum of a 580-credit score. However, the better your score, the better your chances are of getting a favorable loan, and potentially better interest rates.
Topics: first time homebuyers, homebuyers, credit, credit problems, credit report, credit score, minimum credit score, credit qualifying
Searching for the best interest rate is important when looking for a mortgage lender. However, in addition to shopping around for interest rates, be sure to understand what fees the lender is charging you.
Topics: homebuyers, low closing costs, closing on a home, closing costs
There is an increasing number of advertisements for services that protect property owners from becoming victims of a crime called "title fraud" or "title theft." The truth is, the crime isn't new. But the rise of businesses who have figured out how to make money by selling services claiming to protect people from it is fairly recent. You may have seen or heard commercials featuring celebrity endorsers for companies that will "help you protect your home" for a monthly, annual or multi-year fee. The ads are compelling, and the crime is real; but there are important things to know before signing up for a title protection service.
Topics: first time homeowners, homebuyers, mortgage planning, mortgage process, insurance, title insurance
GO Mortgage is a DBA of GSF Mortgage Corporation, NMLS ID #1018, NMLS Consumer Access
