How to Win Against All Cash Offers. As a buyer when you find that dream home after weeks or months of searching, you wonder how to win against all cash offers from the other buyers who also love your dream home. It can seem like an insurmountable problem – and maybe it is …. in some circumstances…. but not all.
Should you increase your homeowner’s insurance deductible? If you own a house, you need homeowner’s insurance. You may be able to lower your premiums significantly and save money each month by raising your homeowner’s insurance deductible. But before you do so, weigh the pros and cons.
Looking for ways to improve your credit score? Pay your cards and bills on time! Don’t open new cards and don’t close old cards. Wait until after closing to make big purchases, or shift debt from one card to another. if you are applying for a mortgage to purchase a new home, you want to improve your credit score – and at a minimum avoid hurting your credit – so that you can get the best rate possible.
Trended data. a credit scoring model used by Experian, benefits homebuyers who have a better credit history over a longer stretch of time than a shorter one.
There is a difference between the interest rate and APR (annual percentage rate.) It is confusing when you start looking at rates from different lenders because each lender may present the rate differently. How do you shop for the best rate if they are different? When comparing loan offers from multiple lenders, it can be helpful to look at the Total Interest Percentage (TIP), which is the amount that you would pay in interest over the life of a loan