3 Solid Ways to Get a Mortgage Loan Approval



Truth be told. Owning a home is a beautiful thing. In fact, it’s the one biggest expenses you’re likely to experience in your lifetime. But before you get there, certain financial issues

Lenders are easing standards, making it easier to obtain a mortgage



Government-backed mortgage services Fannie Mae says that lenders are easing their standards for consumers to qualify for a mortgage.

Industry bodies form alliance to push for alternative credit scoring model



The National Association of Realtors is teaming up with a number of housing and mortgage trade associations to ask the Federal Housing Finance Agency to enable greater access to mortgage credit by using “alternative credit scoring models”.

Fannie Mae to ease mortgage requirements from next month



Fannie Mae, the government sponsored financing organization, has said it plans to ease its credit requirements from next month.

Cozy lets renters build good credit scores simply by paying the rent on time



Online property management platform Cozy has announced a collaboration with Experian to help renters build their credit histories by paying their rent.

14% of big city renters can afford to buy, but choose not to do so



Across the country’s largest rental markets, almost 14 percent of on-market renters have strong credit scores, relatively high incomes and could afford to buy the median home in their market.

Lenders unlikely to budge on credit standards anytime soon



Anyone who was hoping that the banks might be about to ease their credit standards will have to wait a while longer.

Low Credit Scores May Dash Millennials’ Home-Buying Dreams



Nearly a third of millennials (ages 18 to 34) hope to purchase a home within the next year, but more than 40 percent may not have the credit to do so(1), according to a new TransUnion (NYSE: TRU) survey released today.TransUnion’s survey of 1,843 consumers found that while 32 percent of millennials say they plan […]

Foreclosures and FICO Scores Where Do You Stand



It’s past the time that want-to-be home buyers understand the real relationship between a previous foreclosure and the current impact on credit scores. Much of the impact on today’s credit score has little or nothing to do with a foreclosure happening three to six years ago. Known as boomerang buyers, according to the National Association […]

Top 10 Tips for Real Estate Buyers



Buying a home can be an emotionally challenging task for most people. It doesn’t matter if it’s your first house or your fifth, buying a house is a major under taking. What follows is s list of tips to make it a little easier. 1.      Find the right real estate agent. If you call on […]

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