This is a great article on the 2 most common ways to lower your interest rates on your mortgage: -Better Credit Score -Buying down the rate with Points Buying down the rate can be expensive which is why having a good solid credit score can pay of way more than you realize. Have questions about how to boost your credit score? Put the comments below! https://premiummortgage.myhomehq.biz/single-newsletter/mortgage-points-and-credits-explained

If your mortgage company, loan officer or bank tries to pull your credit before asking you about your credit, about your assets or cash saved, about your income and about your expenses, RUN. You want to protect your credit as much as possible, and if your bank or lender do not protect it, you should not work with them. All lenders should ask you about your Credit, Assets, Income and Expenses. This will tell you what you should qualify for and whether or not you should move forward in pulling your credit.

Hey everyone, wishing the best of luck on your home buying journey for your family or client. I would love to learn more information on the process of getting approved for a government backed loan such as FHA and USDA loan. Pros/Cons, interest rate range, how does the seller look at this kind of offer, processing length, worth it? etc. Any information would be great!

Many people looking to buy a house have absolutely zero credit, and therefore did not qualify. One of the best ways for people to start building credit is by using secure credit cards. Here are three tips you need to know about using secured credit cards to help you build and establish credit to qualify for a mortgage. 1 Make sure you get your money back after the six month period. 2 Do not put more than $500 on the card for your credit limit. 3 Make sure it is a card that gives you some type of cash back or rewards.

If your mortgage payment goes up over the course of time, more likely than not, it is because of your Taxes and Insurance went up. If your mortgage is fixed, your monthly loan payment won't change. That will stay the same for the life of the loan. Your Taxes and Insurance however are subject to change, and will most likely change every year or every other year as the cost of inflation will always drive taxes and insurance up. If this happens, there isn't much you can do with regards to your taxes, but you can always call your insurance agent and ask them to shop your rate. The best way to do this is to go to an insurance broker and have them shop your insurance rates for you.