Andrew Dehan

1 week ago | yahoo.com | Andrew Dehan

Key takeawaysA first-time homebuyer is someone who has either never owned a home or who has not owned a home in the last three years. First-time homebuyer programs offer mortgages with low down payment requirements and other favorable terms or assistance. Buying a new house involves many steps, from securing a mortgage to negotiating with sellers. A real estate agent could be a valuable resource to help you navigate the process. What is a first-time homebuyer?

2 weeks ago | kktv.com | Andrew Dehan

Housing affordability has been top-of-mind for buyers and sellers since mortgage rates started ratcheting up in 2022. A persistent lock-in effect is still keeping many existing homeowners unwilling or unable to sell — which makes sense, when the rate to buy your next home will be double your current rate. “One word commonly used to describe the economy is uncertainty,” says Mark Hamrick, Bankrate’s senior economic analyst.

2 weeks ago | wsfa.com | Andrew Dehan

Key takeaways Mortgage lenders typically evaluate a borrower’s creditworthiness using FICO Scores 2, 4, and 5. These scores are the ones used by Experian, Equifax and TransUnion — the three major credit bureaus. While newer versions of the FICO score have been introduced, the mortgage industry largely relies on these older versions due to regulation. Which credit score do mortgage lenders use?

2 weeks ago | azfamily.com | Andrew Dehan

Key takeaways Mortgage lenders typically evaluate a borrower’s creditworthiness using FICO Scores 2, 4, and 5. These scores are the ones used by Experian, Equifax and TransUnion — the three major credit bureaus. While newer versions of the FICO score have been introduced, the mortgage industry largely relies on these older versions due to regulation. Which credit score do mortgage lenders use?

2 weeks ago | msn.com | Andrew Dehan

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