Monthly Archives: November 2010

When will a Foreclosure be removed from your credit report?

Use this handy guide to figure out how quickly you can buy a home after a major financial setback when applying for a loan through FHA, Fannie Mae, or Freddie Mac. Government entities set guidelines for credit events The chart below outlines the criteria that government entities FHA, Fannie Mae, and Freddie Mac follow for…

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5 Common First Time Home Buyer Mistakes

1. They don’t ask enough questions of their lender and end up missing out on the best deal. 2. They don’t act quickly enough to make a decision and someone else buys the house. 3. They don’t find the right agent who’s willing to help them through the home buying process. 4. They don’t do…

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Get Ready For Home Ownership

This is a great article for Buyers who are getting ready for home ownership. 1. Decide what you can afford. Generally, you can afford a home equal in value to between two and three times your gross income. 2. Develop your home wish list. Then, prioritize the features on your list. 3. Select where you…

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