FICO Score: What It Is & Why It Matters %%sep%% %%sitename%%

October 7, 2020

FICO Score: What It Is & Why It Matters When You Buy a House

When you apply for a mortgage, your lender runs a credit report. A key component of the report is your credit score. One of the most commonly used credit scores in the mortgage industry is FICO. In this article, we describe what FICO is, how […]

September 29, 2020

3% Down Payment HomeReady Loans from Mortgage 1

All You Need to Know About 3% Down Payment Fannie Mae HomeReady Loans

Haley Fraeyman Many first-time home buyers can probably relate to Haley Fraeyman. Haley is interested in buying a house. As a newly hired elementary school teacher she has steady income, but as a recent college graduate she hasn’t yet built up a full credit history. […]

September 22, 2020

Common Questions First-Time Buyers Ask About a Mortgage, part 2

For first-time buyers, the mortgage process raises a lot of questions. In this second article, we tackle more of the common inquiries we receive from real-life customers. Click here to read the first article. “How Much Should I Save for a Down Payment?“ – Question […]

September 16, 2020

Mortgage questions from first-time buyers

Common Questions First-Time Buyers Ask About a Mortgage, part 1

For first-time buyers, the mortgage process raises a lot of questions. In this article, we tackle some of the most common inquiries we receive from real-life customers. This is the first in a multi-part series. See here for part two. “How Does a Mortgage Work?” […]