Can I Get a Mortgage Without a Credit Score By Using Alternative Credit History?

March 28, 2025

If you’ve been managing your finances responsibly but don’t have a traditional credit score, you may be wondering whether homeownership is still within reach. The good news? It is! While most mortgage lenders rely on credit scores to assess your creditworthiness, alternative credit history—like rent payments, utility bills, and other recurring expenses—can help you qualify […]

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Temporary and Permanent Mortgage Buydowns: How They Work

March 27, 2025

When securing a mortgage, borrowers have the option to reduce their interest rate through a mortgage buydown. This strategy can help lower monthly payments, either temporarily or permanently, depending on the type of buydown chosen. 1. Temporary Mortgage Buydown A temporary buydown allows the borrower to pay a lower interest rate for the initial years […]

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The Difference Between FICO Score and Credit Score: How It Affects Your Mortgage and Rates

March 26, 2025

When applying for a mortgage, your creditworthiness plays a significant role in determining your loan approval and interest rates. Two commonly referenced terms are FICO score and credit score, which are often used interchangeably but have distinct differences. 1. What is a Credit Score? A credit score is a broad term that refers to a […]

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Navigating Mortgages as a Self-Employed Professional

March 25, 2025

Securing a mortgage as a self-employed professional can be more challenging than for traditional W-2 employees, but with the right preparation and documentation, it is entirely achievable. Here’s a guide to help you navigate the process. Document Your Income Lenders need to assess your financial stability and income consistency. To do this, you’ll need to […]

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What’s Ahead For Mortgage Rates This Week – March 24th, 2025

March 24, 2025

The previous week had the Federal Reserve making their first rate decision since the Trump administration had taken office. With many uncertainties about the current direction of things, the Federal Reserve had decided there would not be any change necessary to the current rates. Stating that the current inflation and economic conditions have largely been […]

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Mortgage Options for Non-U.S. Citizens

March 21, 2025

Purchasing a home in the U.S. as a non-U.S. citizen is entirely possible, but the process comes with unique requirements and considerations. Whether you are a permanent resident, temporary visa holder, or foreign national, understanding the available mortgage options can help you navigate the path to homeownership successfully. Can Non-U.S. Citizens Qualify for a Mortgage? […]

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Understanding Mortgage Payment Deferral Programs

March 20, 2025

For homeowners facing temporary financial hardship, mortgage payment deferral programs can provide much-needed relief. These programs allow borrowers to pause or reduce their monthly mortgage payments for a specific period, helping them avoid foreclosure while stabilizing their finances. What is a Mortgage Payment Deferral? A mortgage payment deferral allows borrowers to temporarily postpone their monthly […]

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How Mortgage Amortization Works

March 19, 2025

When you take out a mortgage, you commit to a long-term financial obligation. Understanding mortgage amortization can help you make informed decisions about your loan and how your payments impact your financial future. What is Mortgage Amortization? Mortgage amortization refers to the process of gradually paying off your loan over time through fixed monthly payments. […]

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How Debt-to-Income Ratio Affects Your Mortgage Eligibility

March 18, 2025

When applying for a mortgage, lenders evaluate several factors to determine your loan eligibility. One of the most critical metrics is your Debt-to-Income Ratio (DTI). Understanding how DTI impacts mortgage approval can help you better prepare for homeownership and improve your chances of securing the loan you need. What is Debt-to-Income Ratio (DTI)? DTI measures […]

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What’s Ahead For Mortgage Rates This Week – March 17th, 2025

March 17, 2025

The inflation data report released last week showed a surprising result—it was cooler than expected across the board. This has led to a much more positive outlook, even in light of recent events regarding the Trump administration. While consumer sentiment reports from the University of Michigan still showed more dissatisfaction than expected, they were accompanied […]

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