What the New Credit Score Models Mean for Homebuyers
Jill Springer • April 14, 2024
The introduction of new credit scoring models. Starting in 2025, new credit scoring models will be used by lenders to
determine the creditworthiness of potential homebuyers
Technology is helpful in so many areas of life, even real estate. Twenty years ago, if someone were moving across the country, they’d have to wait to buy a house until they arrived to start their new life, or they’d have to buy a home without seeing it in person beforehand. Both options would cause […]
Saving money each month toward a long-term goal is increasingly difficult for most people. Even committed savers can get thrown off track when unexpected problems or opportunities arise. It can be difficult to envision how $200 a month can add up to a new home; the dream of home ownership continues to get pushed back […]
If you are a first time home buyer or even a repeat buyer, you quickly realize that real estate has a language all its own. Understanding some of the lingo can help you navigate the process a little easier. By learning a few critical terms, you will be in a better position to ask the […]
For generations, homeowners would buy a home for life. Working over the years to make the payments and celebrating the end of the 30-year mortgage were great milestones in the family. Today, few homebuyers expect to be in their home for longer than 7 years on average. Paying off a 30-year mortgage seems like an […]
Are you ready to list your home for sale? One of the first questions you might have is, “how can I maximize my home value?” Every seller wants to get the best possible price for their home; fortunately there are ways to make sure your potential buyers see the true value of your property and […]
Summer is upon us and home designers are hard at work showcasing the upcoming trends for 2020. This year, kitchen design shows are filled with new materials, patterns and colors as enthusiasts look for the latest trends and styles. As we leave the dark granite countertops behind, kitchens are getting lighter, brighter and more streamlined […]
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