So You Just Bought a New Home

One of the very first things to consider when you buy a home is that you will be granted many economic benefits from your investment.  Homeowners benefit from many tax incentives, such as property tax along with mortgage interest deductions.  If you are going to be a first time homeowner you need to take nott [...]

Home Sales and Refinancing Affected by Credit Scoring

Credit scoring models have changed recently, which may affect the qualification of some borrowers when buying a home or refinacing a mortgage. Here are the primary changes:
1. Available Credit
The ratio of account balance to the amount of credit available appears to have more influence on the credit score formula. The less available credit a mortgage [...]