The Ultimate Guide to Understanding Your Credit Score

the-ultimate-guide

Credit scores play a large role anytime you buy something over time, like a home or automobile.  Not only does your credit score play a role in qualifying for a home mortgage it is also effects your interest rate.  The lower your credit score the higher your interest rate and vice versa.   I will cover some credit score basics in this article which will help in you in understanding your credit score. I will discuss your score as it relates to getting a home mortgage.  … Continue reading...

The Power of the Pre-Approval Letter

The Power of a Mortgage Pre-approval letter

Get Your Pre-approval Letter First! You have been looking at homes for months, now you have found the perfect home.  It is time to put in an offer on the home you like, your agent tells you that you need to submit a mortgage pre-approval letter with your offer for it to be considered. You put the kids to bed and you sit at the computer and you get a pre-qualification letter that you print off the compute,  or dig out an old pre-qual letter. Yes, it may satisfy the home seller, but you … Continue reading...

5 Tips to be the Bid the Winning Bid in a Multiple Offer Situations

Young couple looking at their new house

As the local real estate market in Massachusetts heats up, it not unusual for home buyers to be in a Multiple Offer situation.   If you find yourself in a multiple offer situation, at best it is frustrating and many times all reason goes out the window.   As home sale inventory dries up, it may be impossible for you to avoid competing with other home buyers.  Here are 5 tips to make your bid the winning bid! 5 Tips to be the Bid the Winning Bid in a Multiple Offer Situations 1) Get your … Continue reading...