Importance Of Having Your Own House In Texas

7 Amazing Benefits Of Owning A Texas Home

It is everyone’s dream to own a home at some point. The thought of having a space you can truly call yours is simply out of this world, and a goal worth working towards. While many people want the fulfillment that comes with owning a home, some people only see a nightmare from the same. The process of owning the house or saving up for the same can be a lifelong affair, which, to many, is nerve-wracking. The satisfaction of knowing the home is yours is, however, worth any pain. Here are some of the advantages and benefits of owning a home.

1. Social Benefits

Owning a home in a certain community makes you want to belong. You even start feeling attached to its people and the city in general. This is the reason you will want to be involved in any community event around your neighborhood. You even get to have a lasting relationship with other homeowners in the neighborhood.

2. Freedom

Owning a home gives you the freedom to do anything you wish with space and surroundings. You can choose to renovate the house, make a few additions, or even have a garden at the back. This is unlike living in a rented apartment where the landlord has the final say. In addition to this, you can choose what fixtures and amenities you wish to have in the house, and make it happen.

3. You Can Be Proud Of Your Achievement

Many people will be beside themselves with pride after making the last installment for their homes. You have not only achieved a life-long dream but are also sure your family is secure with a home. The security that comes with owning a home, and building up equity from the same, means you can work towards owning a nicer home in the future. You are also sure your family will always have a roof over their head

4. A Home Is An Investment

A home is one of the most significant investments anyone can make. A house, unlike some assets, appreciates with time. This is to say; your home will be worth a lot more in a few years, hence one of the best decisions you ever made. In addition to this, your debt goes down as you pay down the mortgage while its value appreciates significantly.

5. Gain Equity

Equity and investment are directly linked. The more you make payments for your mortgage, the more money you will have for reinvestment. Much of the money paid towards the mortgage goes to paying the principal and the rest to paying the interest off. The principal amount becomes equity that you can use for home upgrades.

6. Tax Benefits

The government uses tax incentives as a way of encouraging citizens to own homes. You thus get to enjoy tax benefits when you make your mortgage payments. This comes particularly in handy when making the initial mortgage payment.

7. Put A Stop To The Need To Move

One thing about renting a house is that you are never really sure how long you will be there. This, however, isn’t the issue when you are a homeowner. Homeownership means you can plan your future even better, hence some form of financial relief. You can thus make gradual improvements to your home to make it more functional and better.

Before making a decision, let one of the experts at The Texas Mortgage Pros help you find out exactly what loan is best for you.  Feel free to contact us or call us today!

How To Become Eligible For A Texas USDA Loan

Applying For A USDA Loan In Texas? Here’s A Perfect Guide For You

Part 2

Income Limits For USDA Loans

For the loan guarantee, a maximum adjusted annual income amount is set by the USDA. This is a limit to prevent anyone outside of the low to the moderate-income bracket from being a recipient of the loan.

historic Fort Worth home bought with an FHA mortgage loan moderate incomeThe following income limits are set by the USDA:

  • A household with 1-4 members: $90,300
  • A household with 5-8 members: $119,200

There are regional differences that must be accounted for, and the USDA deals with these differences by using household sizes and locations to make limited variations. 115% of the median household income of an area is the base limit that the USDA sets on income. To determine if you’re eligible, they’ll compare the regional median to your qualifying income.

USDA Repayment Income

For the USDA, repayment income and qualifying income carry huge differences. Repayment income shows the ability of a borrower to pay back the loan, which is different from the ability for income requirements to be met by borrowers.

A DTI, or debt to income ratio is used by lenders to figure out just how creditworthy an applicant really is at the time of the application process. USDA loans have a 41% DTI standard. This means that 41% is the maximum amount of a monthly income that can be spent on debts by a borrower.

Although 41% is the standard, a USDA loan can be obtained with a higher DTI. The lending requirements will generally be tougher when applying with a DTI higher than 41%. Each lender has their own guidelines related to this.

Location Requirements For USDA Loans

Homes in rural areas are where USDA loans are intended to be used. The term rural can encompass many locations, and suburbs can often fit the USDA’s definition in many cases.

An open country that is away from an urban area is considered to be a rural area by the USDA. Depending on the area, a maximum population of 35,000 may be required for the designation of rural.

Nearly all of the land available in the U.S is eligible to receive a loan for rural development because of the USDA definition, with 100 million people living across the land.

Any income producing property can’t be purchased with the help of a USDA loan. There is a loophole to this, as properties that aren’t being used for commercial purposes anymore can still be purchased. This includes silos, barns, livestock facilities, and greenhouses.

Properties that can also be eligible:

  • Newly constructed properties
  • Modular and manufactured homes
  • Townhouses and condos
  • Homes that have been foreclosed and subjected to short sales

Thousands of people have benefited from the loan program available from the USDA, and for anyone who wants to become a homeowner, it stands as one of the top options.

In The State Of Texas, Get Your USDA Loan By Going With The Texas Mortgage Pros

We want to give our clients the best service possible and building a foundation with them that will last for years. We will use the utmost security with your information and keep it private, which is more than other companies can say. We are a leading company that many people trust.

Use the tools on our website or call us to speak with a mortgage professional that has the necessary experience to guide you. We can’t wait to work with you.

Contact our expert mortgage professionals, call us today, or use our interactive tools that are on offer on our site. We cant wait to meet you. Click here to go to the first article in this series.

How To Become Eligible For A Texas USDA Loan

Applying For A USDA Loan In Texas? Here’s A Perfect Guide For You

Part 1

Anyone who applies for a USDA loan must meet the USDA’s requirements for eligibility. Income, home location, credit, and property usage are all taken into account for eligibility.

The USDA wants to give families with low and moderate incomes clean and safe housing, and these facts are important in making this possible.

USDA Loan Minimum Requirements

Dallas texas brick home bought with assistance paymentsThe USDA requires that these minimum guidelines are followed:

  • Have permanent residence or U.S citizenship
  • Have a credit score that is at least 640 or some way to prove that you’re creditworthy
  • Income that is dependable and stable
  • Mortgage payments for 12 months without being late or any collections taken
  • Less than or equal to 115% of the median income of an area for the adjusted household income
  • The location of the property must be in a rural area that qualifies, and it must be the primary residence

The Rural Development program from the USDA isn’t the only one to have requirements, the lender can have its own set that must be met.

Credit Requirements For USDA Loans

A proper credit history that shows that an applicant can actually pay the loan back, and a steady income are things that an applicant must have.

The USDA loan doesn’t require a specific minimum credit, but applicants can use the automated underwriting system if they have a credit score of at least 640. Those with a score lower than 640 can still apply for the loan but have to deal with more strict guidelines because they must use the manual underwriting option.

The following will be reviewed by a lender to determine your creditworthiness:

  • Patters of repayment
  • Your credit history length
  • Your credit score
  • How your credit is utilized

If an applicant doesn’t have credit, they can still be eligible for the loan, but in order to verify them, the lenders may enact their own policies. They may check insurance payments, utility payments, rent payments, and other sources for credit verification.

Income Requirements For USDA Loans

To determine whether a borrower has the right income for a loan, the USDA uses four calculations that are unique:

  1. Household Income on an Annual Basis
  2. Adjusted Household Income on an Annual Basis
  3. USDA Qualifying Income
  4. Repayment Income

Verifiable and stable income with no signs of stopping is the minimum of what is required of applicants by the USDA. Pay stubs and income taxes from as far back as two years are generally used to check the employment status and income of a person respectively.

The total of all income made by everyone in a home is considered the annual household income. The household limit includes all adults with income, even if they aren’t the loan applicants.

When acceptable deductions are subtracted from the annual income, the adjusted annual income is calculated. Whether a person meets the income restrictions of the loan program is determined by this figure.

Contact our expert mortgage professionals, call us today, or use our interactive tools that are on offer on our site. We cant wait to meet you. Click here to go to the next article in this series.

All You Need To Know About Texas VA Loans Part II

Helpful Ideas To Understand VA Loans In Texas

Part 2

What Are The Benefits Of VA Loans?

By applying for a VA loan, you can enjoy the following benefits.

1. No Down Payment

No down payment is required when buying a home with a VA loan. It is one of the loans where you don’t need a down payment. In 2018, 50% of homes purchased using a VA loan didn’t require a down payment.

2. No Limits On Borrowing

With a VA loan, there is no limit on the amount you can borrow. However, there is a limit on the amount of liability for the VA. In 2019, the VA can guarantee a maximum amount of 25% (up to a maximum of $121,087) for a home loan. It matches a maximum loan of $484, 350. If you apply for more than that, the extra amount will not be guaranteed by the VA.

3. No Private Mortgage Insurance

With a VA loan, you are not eligible to pay for a Private Mortgage Insurance because the loans are backed by the government. Note that, with a regular mortgage loan, PMI can vary from 0.5% to about 2.25% of the total loan amount. Therefore, if you took a loan amount of $200,000 and the PMI rate was 1%, you would be forced to pay an extra $166 every month for your mortgage payment.

4. No Minimum Credit Score Requirement

With a VA loan, there is no requirement for minimum credit scores. However, loan lenders give loans to people with a credit score of 620 and more. Having a lower credit score will definitely worry the lenders when it comes to giving you a loan.

5. Assistance For Possible Foreclosure

If you qualify for a VA loan, you will get assistance if you are on the verge of getting a foreclosure. The loan technicians will negotiate with the loan lenders on your behalf if you are having issues with meeting your mortgage payments.

6. No Prepayment Penalties

If you have the money to pay off the loan early, you will not be charged for it.

7. No Limit On The Times You Can Borrow

You don’t necessarily have to be a first-time homebuyer to get a VA loan. If you pay off the loan every time, you can apply for it as often as possible.

8. Bankruptcy & Foreclosure Are A Non-Issue

Have you ever filed for bankruptcy? Have you ever gone through a foreclosure? They are non-issues when it comes to VA loans. You can still qualify in both cases but after 2 years from the date of foreclosure or filing for bankruptcy.

That’s what you need to know about VA loans and how you can benefit when buying a home.

You can use any of the interactive features on our website or call us anytime to speak to a diligent mortgage professional directly. We hope to work with you soon! Click here to go to the first article in this series.

All You Need To Know About Texas VA Loans Part I

Helpful Ideas To Understand VA Loans In Texas

Part 1

Are you finally ready to buy your first home? Are you a veteran or active military personnel looking to buy a home? Well, there are challenges involved in buying a home. However, there are a few mortgage options available for veterans referred to as the VA loan. Here’s what you need to know about the VA loan, how it works, and whether you are eligible for it.

What Is A VA Loan?

It is a loan offered by private lenders and guaranteed by the U.S Dept of Veterans Affairs. The VA loan is available to active duty service people, veterans, and their families when they want to buy a new home. It was introduced in the GI Bill in 1944 but has become very popular in the last few decades.

In the early part of 2019, at least 8% of house purchases were backed by a VA loan. It is a very attractive option when buying a new home. Even better, it’s easy to qualify and there is no down payment required for it.

How Does A VA Loan Work?

VA loans are part of the government (non-conventional) loans available in the market today. They don’t work like regular mortgage loans issued by banks or financial lenders. These loans are guaranteed by the government. It means that the government will repay part of the loan to the bank if you default your payments or in the event of foreclosure. In this type of loan, banks have less risk. As such, a lot of people can qualify for it. By 2018, the VA had guaranteed 610,513 loans for purchasing and refinancing homes.

What Are The Requirements To Qualify For A VA Loan?

To qualify for this loan, you must be current or former military personnel and looking to buy a home. You must also meet the following VA service requirements.

  • You must be an active duty service member. You must have been honorably discharged after serving for consecutively 181 days during peacetimes or 90 days during a war.
  • You must have served for more than 6 years in the Selected Reserve or the National Guard.
  • You must be the spouse of a serviceperson who died in the line of duty.

For the application process, you need a certificate of eligibility (COE) to show the loan lenders that you are eligible for a VA loan. The COE should be applied on the VA website, the lender, or through the mail.

You can use any of the interactive features on our website or call us anytime to speak to a diligent mortgage professional directly. We hope to work with you soon! Click here to go to the second article in this series.

 

Decided To Have A Texas House? Here’s Initial Payment You Should Prepare

The Down Payment You Should Pay When Purchasing A House In Texas

Down payments are initial payments made when buying something under some form of hire purchase This means that a buyer first pays the initial installment, usually the highest amount of money, after which they can pay the rest in intermittent installments. When it comes to purchasing a house, the down payment you set aside is critical.

Lenders consider the amount that you pay upfront to be the stake you’re willing to put on your new home, hence it will influence the loan amount. The down payment also determines the probability of private mortgage insurance (PMI) as a requirement by the lender. As a rule of thumb, most, if not all lenders will require PMI if the downpayment is less than 20% of the house’s value. It also affects the interest quota. Without a doubt, the higher the down payment, the lower the rate of interest.

Evidently, there’s a lot to think about with regards to making down payments when purchasing a new home. Primarily, the amount to pay initially depends on the cost of the home and the loan program you’re working with. Normally, the amount will be anywhere from 5% to 20%, but lenders vary, and so do their percentages. Some key aspects to consider include:

1. The Loan-To-Value Ratio

The initial installment is used by your lender to calculate the loan-to-value ratio (LTV) of the home. This is one of the factors a lender considers in extending a client’s credit. They also look at debt to income ratio as well as personal credit scores in relation to the LTV. This makes the LTV an important consideration when deciding the amount of down payment to make.

The loan to value ratio is the amount you’re obligated to pay after making the first deposit on the house. It is usually represented a percentage, which is, in essence, is the ratio between the principal amount, to be paid in installments at regular intervals and the estimated value of the house. The higher the initial payment, the lower the loan amount, hence the lower the loan-to-value-ratio. In detail, it is calculated as:

loan-to-value (LTV)= Loan amount/appraisal value or purchase price (The lesser amount is used)

Consider the following scenario:

Mr. & Mrs. Smith wish to buy a house whose purchase price is $200,000 while it’s appraised value is $205,000. The former, being lower will be used by the financial institution to decide the loan amount. If Mr. & Mrs. Smith decide to pay a downpayment of $40,000, she needs an additional loan of $160,000 to fulfill the asking price. In this case, the loan to value equation will be:

loan-to-value (LTV)= Loan amount/appraisal value or purchase price so,

LTV= $160,000/$200,000

LTV= 0.8 which in percentage(multiply by 100) is 80%

2. Private Mortgage Insurance (PMI)

As stated before, a down payment of less than 20% requires a backup PMI. This is because the financial institution stands to lose a lot in case you decide to default the loan, having financed an impressive 80% and above of your purchase. With an LTV as high as this, the lender is investing a tremendous amount, and to protect their risk, comes the insurance. Paying PMI, in turn, increases your monthly installment amounts.

Conclusion

Before deciding on the down payment for the property, assess the pros and cons that come with lending institutions. Would you rather pay a private mortgage insurance every month, even without knowing whether you’ll manage to be a homeowner in the long run, or does it make more sense to wait till you have a surmountable amount to pay as a down payment? With these two financial aspects to consider, the ball is in your court.

Before making a decision, let one of the experts at The Texas Mortgage Pros help you find out exactly what loan is best for you.  Feel free to contact us or call us today!

Important Things To Do Before You Purchase A Texas House Part III

What Do You Need To Do To Buy A House In Texas

Part 3

7. Find The Right Home

The initial process of finding the perfect home is to know exactly what you want. Write down your needs and your wants and give them a score on how important they are. This usually includes the size of the yard, the number of rooms, or how close the house is to a school district or your workplace.

Dallas texas brick home bought with assistance paymentsTo refine your search, look for the homes that are advertised online. When you check on the online listings, it will give you an idea of the houses currently available for sale and prescreen the homes in your preferred price range. This will ensure you only visit the homes you are actually interested in.

If you are finding it difficult to find homes that you like, speak to a realtor. Real estate agents are experienced in helping buyers to find homes, and they are knowledgeable about the housing market in your area. They can also assist you when it comes to setting expectations that are realistic and they can keep you confident and motivated when you feel like you will never find a home that you really love.

8. Make An Offer

As soon as you find a home that you see yourself living in, do not hesitate. Your realtor will assist you with the details on how to make an offer. You need to decide on the amount you are prepared to pay. If the market is hot, negotiations may not be an available option, which means you might have to pay for the asking price in order to secure the sale. In a cold market, you may be able to negotiate down to a lower price or specific seller concessions. Ask your realtor for advice when working out each detail of the offer.

Your offer has to state the terms linked to the sale, which needs to include any contingencies. A contingency will mean you can cancel the deal if a circumstance has not been met. This could include an inspection of the house that reveals that the home requires costly and significant repairs.

9. Prepare To Close

The next step is to ensure your mortgage is approved. The lenders you are dealing with might ask for updated or additional documentation. If the pre-approval expired, your lender will probably assess your credit score again.

The lender will then arrange an appraisal. This includes a professional that will evaluate the home and then compare the property to other properties that are similar in that area and then make a decision on the value of the home. This is a process that protects the lender and the buyer from overpaying for a property. You should also arrange for a home inspection during this time.

If the appraisal price is less than what you offered to pay, the seller may need to lower the asking price or you would need to cover the shortfall from your own pocket to close the deal. On approval of your mortgage and every detail is worked out, you are now ready for closing day.

Final Thoughts

Find out what is needed for the closing, and whether you need to pay the down payment in advance. You will usually need your passport or driver’s license, a certified or cashier’s check that covers the closing costs. You might also need to prove that you have insurance along with any other supporting documents.

When it is time to sign off the deal, you need to take your time to read over all the paperwork. Read over everything carefully as this is a really large purchase. From here you will be given the keys and remotes to your house. Enjoy every moment, and feel relieved that your buying process is finally over.

Before making a decision, let one of the experts at The Texas Mortgage Pros help you find out exactly what loan is best for you.  Feel free to contact us or call us today! Click here to go to the first article in this series.

Important Things To Do Before You Purchase A Texas House Part II

What Do You Need To Do To Buy A House In Texas

Part 2

4. Save For Your Down Payment

Saving for a down payment may take some time, especially when you are saving for a 20% down payment.

Fortunately, there are many options for people that cannot save that type of cash. For example, an FHA loan only requires a 3.5% down payment, and some of the options for conventional loans offer down payments as low as 3% provided mortgage insurance is included. If you happen to qualify for either USDA or VA loan, you could secure a property with 0% down.

The reason that 20% is often the quoted number has to do with that this is a minimum amount you need to put down in order to avoid mortgage insurance. In addition to this, if you are able to put down a large down payment, it will lower the monthly payments.

When working out how much to save, remember the closing costs. The closing costs usually vary according to your situation. However, it is usually around 2 to 5% of the value of the home.

You will also need to provide bank statements over a period of 2 months to show you have had the funds for a down payment in your account for a minimum of 60 days so that these funds become eligible for use. Lenders will ask for this documentation to make sure you haven’t taken out a loan in order to cover the down payment.

5. Get Pre-Approval

Once you feel confident that you are ready to approach a lender, getting pre-approved is the next step in the process. Pre-approval will indicate the amount you are able to borrow and it also shows a seller that you are serious.

For your pre-approval, lenders take into account your current credit report to ensure your credit score qualifies and to ensure you do not have major blemishes or debts like bankruptcy. The lenders also look at your debt-to-income ratio and they will also ask for information associated with your assets and income. You should have documents ready such as a recent W-2, bank statements, and paystubs, and other paperwork that may be relevant to ensure the entire process goes as smoothly as possible.

Once you receive pre-approval, make sure that you do not engage in making major changes when it comes to your credit profile. This could include switching jobs or taking on more debt as this may risk your chances of approval.

6. Find A Reputable Real Estate Agent

A qualified and experienced realtor will take you through the entire process, making everything go smoother and faster. They can also help to lower the anxiety that many first time buyers go through.

When you start looking for a realtor, in-person interviews or online reviews can be extremely helpful. You want to find someone that honors what you want and is happy to advocate on your behalf. They should also be honest and assist you in setting up realistic expectations.

Before making a decision, let one of the experts at The Texas Mortgage Pros help you find out exactly what loan is best for you.  Feel free to contact us or call us today! Click here to go to the next article in this series.

Important Things To Do Before You Purchase A Texas House Part I

What Do You Need To Do To Buy A House In Texas

Part 1

Buying a home is amongst the things that most of us eventually do at some stage, but not many people know how to go about this task. You may already know that you will need to tour homes, find a good realtor and obtain a loan, but you may not be clued up on where you should be going or who you should be talking to about these things, or the order in which you should be doing each task.

This is why we have formulated a step-by-step guide to buying a home.

1. Make Sure Your Finances Are In Order

You might be thinking about house hunting, loan pre-approval, and a real estate agent, yet the steps to prepare to purchase a property actually begins many months or even a year or two before you can actually look at the appropriate mortgage rate.

You have to make sure you are financially ready. This will mean assessing your financial situation currently and making sure that it matches up to what a mortgage lender wants from a borrower. You also need to work out what is affordable for you and you need to save for closing costs and your down payment.

2. What Do Lenders Look For?

Below is a list of the standard requirements that you will need to match up to, in order to ensure your mortgage is approved. This is just a general guideline and it can vary according to the lender along with the type of loan they are prepared to offer:

  • For conventional loans, your credit score should be 620 or higher, or 580 for an FHA loan.
  • Your credit history must be good.
  • You need to prove that you receive a consistent and reliable income.
  • Your income-to-debt ratio must below 50%

If you are only matching up to the bare minimum requirements, it might be a good idea to first improve your score before you start applying for mortgages, as it can improve your chances of getting a better rate.

3. Work Out How Much You Can Afford

You first need to obtain pre-approval for your mortgage to find out the exact amount that you can spend on your home. Working out your budget on a monthly basis and what it will be once you have a mortgage can assist you when it comes to deciding on whether you are able to afford a house.

Today there are home-affordability calculators that provide an estimate on the amount you can afford to spend on a house along with what your payments might be every month. You might discover that your payments every month may be lower than what you are paying currently towards rent. However, homeownership does come with many other new costs. This includes the maintenance of your home, insurance, and taxes. You need to factor these into the overall costs.

Before making a decision, let one of the experts at The Texas Mortgage Pros help you find out exactly what loan is best for you.  Feel free to contact us or call us today! Click here to go to the next article in this series.

Purchasing A Home In Texas: What Credit Score Do You Need?

The Ideal Credit Score That Allows You To Buy A Texas House

Part II

What’s The Minimum Score Unlikely To Affect My Mortgage Eligibility?

Corpus Christi texas classic home bought with assistance paymentsIf you are not a veteran who automatically qualifies for a home loan from Veteran Affairs, a credit score of at least 500 is a must. The same minimum is required in order for you to qualify for a 10% down-payment for a loan through the Federal Housing Administration.

If you don’t meet those requirements, it’s not the end of you. You can get a parent, spouse, or friend with better credit to cosign for your loan. This could help better your chances of approval for a traditional mortgage. If that’s not the case, follow suit and work to improve your credit score before proceeding to apply for a mortgage.

What Credit Score Do Lenders Check?

Almost 90% of lenders use your FICO Score. For your information, this is the credit score that’s most widely used. Though, depending on the type of loan, different versions of the FICO Score are used.

The following scores are likely to be in your lender’s checklist when you are applying for a mortgage loan:

  • FICO Score 2 based on Experian data
  • FICO Score 5 based on Equifax data
  • FICO Score 4 based on TransUnion data

What’s the Interest Rate You Are Likely To Get With Your Credit Score?

For simplicity, credit scores are broken down into categories. This helps you get to know the quality of your creditworthiness and steps you’ll move to boost it.

  • Poor – 300 to 579. With a poor credit score, it’s unlikely for you to get mortgage approval. But things may work out for you if you have a cosigner or an underwriter willing to accept you. With these terms, if you’re lucky to find a lender, be ready to cover high-interest rates on your loan.
  • Fair – 580 to 669. Though you’ll qualify for a loan with a fair score, your interest rates will probably remain high, a bit higher than with a good or very good score.
  • Good – 670 to 739. This is an awesome score that’s unlikely to affect your interest rate that much. Your rates are likely to range within 0.25% to 0.5% with such a score.
  • Very good – 740 and higher. Get the lowest interest rates and the best payment terms in the market with this score.

Is It Necessary To Check For Credit Report & Score Before Searching For Houses?

Sure thing. Having a rough idea of your credit score is vital for your home buying process.

With knowledge on your credit report and score you’ll be able to:

  • Make corrections of inaccurate information in your report before applying.
  • Make a prediction of whether you’ll get approved or not, and approximate your interest rate.
  • Find out the areas to improve your creditworthiness before buying.

How Can You Improve Your Score Before Applying For A Mortgage?

There are tactics that are likely to work for you in order to improve your credit and enjoy low-interest rates and the best terms when you apply for a mortgage. Let’s review them:

  • Accumulate savings for a large down payment
  • Keep a close eye on your credit report.
  • Ensure to pay your bills at the right time
  • Look for the services of credit repair experts
  • Hold off on other credit.
  • Reduce your credit utilization ratio.

You can use any of the interactive features on our website or call us anytime to speak to a diligent mortgage professional directly. We hope to work with you soon! Click here to go to the first article in this series.