Get a Good Credit Score When Buying a Home Are you wondering what a good credit score for buying a house is? A healthy credit score is a vital factor when buying a house. A good credit score can mean the difference between getting the most favorable interest rate and terms from a mortgage lender. With a better score, you will pay less for the home you purchased. Potential buyers need to remember that the actual cost of owning a home is directly tied to the mortgage terms you receive. Many pro...| Maximum Real Estate Exposure
When buying your first house, understanding pre-approval for a mortgage becomes essential. Many first-time buyers will seek knowledge on how to get pre-approved for a mortgage. Some will hear mortgage pre-qualification vs. pre-approval and wonder if there is a difference. There has been some confusion among those looking to buy a home and qualify for a mortgage loan regarding the difference between a pre-approval and a pre-qualification letter. Indeed, they sound similar, so hearing these ter...| Maximum Real Estate Exposure
A seller assist, also known as a seller concession or seller credit, is a feature of loan programs that allows the seller to help the buyer by covering a portion or the entire closing costs. This option is desirable for buyers with limited cash and sellers facing challenges selling their properties. It's essential to note that a seller's assistance is not free money, as sellers may compensate for this assistance by increasing the sale price. Different loan types have specific rules regarding ...| Maximum Real Estate Exposure
Understanding what to know before buying a house in Massachusetts can be daunting. There are many things for potential buyers to research. Knowing the home-buying ...| Massachusetts Real Estate News