Wednesday, July 13, 2016

Would You Qualify for a Mortgage Now?

If you are one of the many Americans who has always thought homeownership was out of their reach, start the process of being pre-qualified to see if you are able to buy now! Call me today for lender referrals. 949.295.5105

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Would You Qualify for a Mortgage Now?

Wednesday July 13th, 2016 First Time Home Buyers, For Buyers

The widespread myth that perfect credit and large down payments are necessary to buy a home are holding many potential home buyers on the sidelines. According to Ellie Mae’s latest Origination Report, the average FICO score for all closed loans in May was 724, far lower than the 750 or 800 that many buyers believe to be true.

Below is a graph of the distribution of FICO scores of approved loans in May (the latest available data):...MORE