If you are on the fence about owning a home, a recent study from the Federal Reserve highlighted the wealth difference between homeowners and renters. As you can see in the image, homeowners have a 40x higher median net worth than renters! You may be surprised by how economical it is to buy a home, so let’s talk about making this happen.
|

If you are on the fence about owning a home, a recent study from the Federal Reserve highlighted the wealth difference between homeowners and renters. As you can see in the image, homeowners have a 40x higher median net worth than renters! You may be surprised by how economical it is to buy a home, so let’s talk about making this happen.

ByBrandon Butler

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Did you know that you are not required to have a formal credit report history or credit score to buy a home? Many people use “non-traditional” credit to establish a credit payment history acceptable to lenders. Items you pay for each month, such as rent, cell phone, electricity, streaming services, and other monthly bills, demonstrate a credit history. So don’t let a lack of credit score hold you back; let’s talk!
|

Did you know that you are not required to have a formal credit report history or credit score to buy a home? Many people use “non-traditional” credit to establish a credit payment history acceptable to lenders. Items you pay for each month, such as rent, cell phone, electricity, streaming services, and other monthly bills, demonstrate a credit history. So don’t let a lack of credit score hold you back; let’s talk!

ByBrandon Butler

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Considering a Home Equity Line of Credit [HELOC]? The consumer financial protection bureau just updated its publication “What You Should Know About a Home Equity Line of Credit”. If you would like a copy of this, just comment below, and I’ll send it to you! It’s filled with great tips to consider prior to applying for a HELOC.
|

Considering a Home Equity Line of Credit [HELOC]? The consumer financial protection bureau just updated its publication “What You Should Know About a Home Equity Line of Credit”. If you would like a copy of this, just comment below, and I’ll send it to you! It’s filled with great tips to consider prior to applying for a HELOC.

ByBrandon Butler

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

What is a Blended Credit Score? A blended credit score is one where the lender averages the credit scores for all borrowers on the loan.  In some cases, this will increase the credit score for the loan file, which may result in a loan approval and pricing that is more advantageous for the consumer. Blending or Averaging works for some home financing products, but not others.  Don’t let misunderstanding your credit stop you from owning a home.  Let’s Chat!
|

What is a Blended Credit Score? A blended credit score is one where the lender averages the credit scores for all borrowers on the loan.  In some cases, this will increase the credit score for the loan file, which may result in a loan approval and pricing that is more advantageous for the consumer. Blending or Averaging works for some home financing products, but not others.  Don’t let misunderstanding your credit stop you from owning a home.  Let’s Chat!

ByBrandon Butler

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.