Month: June 2024
Credit Score Basics for Refinancing | #realestate #mortgage #loanofficer #buyincaliforniaCredit Score Basics for Refinancing | #realestate #mortgage #loanofficer #buyincalifornia
Minimum credit score for conventional refinance: 620. Jumbo refinance often requires a score of 700 or higher. [...]
Mortgage Application Process Guide | #realestate #mortgage #loanofficer #buyincaliforniaMortgage Application Process Guide | #realestate #mortgage #loanofficer #buyincalifornia
Ensure a credit score >700 for optimal mortgage rates; review credit report for errors. mortgage-broker-meets-with-a-young-couple-4-of-6-FP24NJV Choose mortgage type, fixed or adjustable rates: Conventional FHA VA USDA Jumbo [...]
Why Are Mortgage Rates Stuck at Such High Levels?Why Are Mortgage Rates Stuck at Such High Levels?
The current average 30-year mortgage rate is 7.09%, leading to fewer buyers due to high costs and elevated home prices. Mortgage rates have increased significantly since 2022, but the Federal [...]
Happy Flag Day | #realestate #mortgage #loanofficer #buyincaliforniaHappy Flag Day | #realestate #mortgage #loanofficer #buyincalifornia
Flag Day is the American flag's birthday party every June 14th! Flag Day was proclaimed in 1916 but officially recognized in 1949. Talk about a late celebration! Betsy Ross, a [...]
Can I Buy a House With a 600 Credit Score in 2024? | #realestate #mortgage #loanofficer #buyincaliforniaCan I Buy a House With a 600 Credit Score in 2024? | #realestate #mortgage #loanofficer #buyincalifornia
Eligibility: – A 600 credit score is sufficient for mortgage eligibility with stable income and employment. Loan Programs: – Special programs exist to assist those with lower credit scores. [...]
Homebuyers Uncertain of How to Secure a MortgageHomebuyers Uncertain of How to Secure a Mortgage
Prospective homebuyers are uncertain about securing a mortgage, with many lacking confidence in understanding financing, interest rates, and home-buying terminology. Current homeowners express regrets about their first home purchase. Uncertainty [...]