Your credit score is moving in the right direction. You’ve identified a down payment and monthly mortgage payment you can afford. Savings are growing quickly so it looks like you’ll achieve that golden goal for a down payment. Next, you’ll want to take a look… Read More »Debt to Income Ratio
Payment History (35%): This is whether you’ve made payments on time. If you’ve never missed a payment, a 30-day delinquency can cause as much as a 90-110 point drop in your score. Debt-to-Credit utilization (30%): Debt ratios to available credit above 30% work against you.… Read More »How a Credit Score is Calculated
Life was simpler long ago. You showed up at the bank, gave them a stack of cash and they called it your down payment. Unfortunately, today is a system of rules and regulations. Mortgage lenders are required to verify that the monies being used for… Read More »Down Payment Gifts
What’s the minimum “Down Payment” required? – Depending on the type of mortgage loan you’re qualified for a down payment can be as low as 3.5% of the property purchase. If you’re a Veteran in good standing, VA Loans have a no down payment option.… Read More »Down Payment Basics – Part 1
Let’s start with where we are. In 2020, the American Community Survey Census reported that of all homes, condo’s, townhouses, mobile/manufactured homes and apartment units, Reno had 52% as rentals and Sparks at 41.3%. That means that a little less than 50% of all residents… Read More »How do I get out of Renting and move to Owning a Home?
Urgent Notice: Always be accompanied with your Realtor on your first visit to a new home development. Failure to do so, will lock your realtor out of your transaction and you will lose your right to professional representation. Here’s an interesting project. While it won’t… Read More »Lemmon Valley Estates
Urgent Notice: Always be accompanied with your Realtor on your first visit to a new home development. Failure to do so, will lock your realtor out of your transaction and you will lose your right to professional representation. Here’s the latest release from DR Horton… Read More »DR Horton – The Terrace on Military RD
Urgent Notice: Always be accompanied with your Realtor on your first visit to a new home development. Failure to do so, will lock your realtor out of your transaction and you will lose your right to professional representation. Legacy Village is a Townhome development comprised… Read More »Legacy Village on Military Road
Over the last few months, I’ve received several requests for information on how does a land purchase and building your own home work? This is a very good question and there’s lots of new developments in this area. We’ll go over these in this month’s… Read More »Buying Land and Building a Home
