Reno Condo ManiaCategories > Mortgage and Home Loans
Income Requirements to Buy a Home A good credit score is crucial for receiving a good interest rate, but banks will also look at your income and debt when deciding whether you qualify. They rely on two ratios, often called the "front-end" ratio and the "back-end" ratio which are the key to Income Requirements to Buy a Home.
FHA loans – A popular loan product, an FHA loan only requires a 3.5% down payment. FHA loans may be a good choice for first time home buyers lacking a larger down payment.
What is a Credit Score and Why Should You Care? Three agencies control your credit reports and create a score based on what credit providers give them. You can access your credit information free of charge.
How To Get Your Credit Report and Credit Score To get the best mortgage interest rate, you'll want to make sure your Credit Score is as high as possible. Your Credit Score (also called FICO Score, after the Fair Isaac Corporation which created the software to calculate the score) is calculated by 3 credit bureaus: Equifax, Experian, and TransUnion.
How To Improve Your Credit Score Improving your credit takes time and diligent effort. Here’s how to improve that little number that controls so much of your life.
Prequalify for a Home Loan Before You Start Shopping. Three reasons why this may save you a small fortune.
Talk to your Lawyer and Accountant Before a Foreclosure or Short Sale. If you are underwater on your mortgage and can't keep the home, a foreclosure or short sale are possible options. You'll want to speak to an attorney and accountant before deciding.
Mortgage Calculators Twenty one different calculators to help answer your mortgage questions including Rent vs. Buy, Affordability, Standard vs Bi-Weekly, Principal, Length and many others.
Over the last 90 days there have been no sales in Mortgage and Home Loans.
Condo Mania Agent:
Tim KoskinenReno-Tahoe Realty Group
Broker Associate #BS.0144954
Phone: 775-303-2614
The Fair Housing Act prohibits discrimination in housing based on color, race, religion, national origin, sex, familial status, or disability.
Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.
Last Updated: 2024-04-26