Most people with existing loans have seen something like “proportion of loan balances to loan amounts is too high” on their credit report at some point, and most of the time they have no idea what it means or how to remove it. This is a post you don’t want to miss if it sounds … Read more
Delta Community Credit Union has provided members with the highest quality financial services since 1940. As the leading credit union in the region, Delta Community offers competitive and affordable mortgage rates. Whether you are a first-time homebuyer or a seasoned investor, Delta Community Mortgage has the right loan option to meet your needs. With a … Read more
We also acknowledge that credit challenges can range in severity. Some of our clients have a track record of making late payments, while others have faced more serious difficulties like bankruptcies, foreclosures, and repossessions. In order to service a range of credit profiles, we have developed a multiple-tier program. Customers who have previously made late … Read more
The appraised value should be at least as high as the asking price for the best result of an appraisal. A low appraisal compared to the asking price or the proposed purchase price can cause issues with closing a sale because the bank bases the buyers mortgage financing on the appraised value. Ideally, the appraised … Read more
You’re not alone if you’ve ever been disappointed to find a great lot in the ideal neighborhood, only to discover that the house on it is sadly out of date, too small, or just not your style. Location is a key consideration for many first-time and repeat homebuyers when making a purchase. Consider whether a … Read more
Whether you’re looking to buy a new car, refinance your current vehicle, or buy out a lease, this calculator will help you make the best choice by showing you how much buying a new car will cost you. With just a few pieces of information, you can calculate your monthly payment, interest costs, and the … Read more
When you consider getting a mortgage, you probably think that you need an extremely high credit score. After all, you take out a mortgage to pay for the purchase of a home, which can be very expensive. This is why many people strive to achieve the highest FICO score possible The truth is that approval … Read more
Note from the Editor: This article’s content is solely based on the author’s opinions and suggestions. It might not have received approval from any of our network partners through reviews, commissions, or other means. It can be difficult to find small mortgage loans, which are loans for less than $100,000. Still, it’s possible to qualify … Read more
Assuming the original loan is a legal way to take over a mortgage as long as you meet the bank’s requirements. A mortgage serving as security for an “assumable” loan lacks a “due on sale” clause. To find out if the mortgage can be assumed, request to see the seller’s mortgage documents. Most conventional loans … Read more
Employees who have been consistently making contributions to their workplace retirement plans have probably accumulated a sizable nest egg. At the end of the second quarter of 2019, Fidelity Investments’ average 401(k) balance was $106,000. Several diligent savers have even reached seven figures: 196,000 Fidelity clients had at least $1 million stashed away in their … Read more