Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
Understanding the Real Benefits The most common reason to refinance is to lower your monthly payment by getting a better interest rate. But refinancing can also help you pay off your loan faster, switch from an adjustable to a fixed rate, or tap into your home equity for important expenses. If your credit score has… Continue reading Could You Save Money by Refinancing Right Now?
Credit inquiries, also known as credit pulls or checks, are a standard part of assessing creditworthiness. However, not all credit inquiries are the same. They fall into two main categories: hard and soft credit inquiries. Understanding the differences between these two types is crucial for managing your credit health and avoiding misconceptions. Below, we explore… Continue reading The Differences Between Hard and Soft Credit Inquiries
If your credit card debt is piling up, a cash-out refinance could be the solution you need to manage your financial situation. By leveraging the equity in your home, you can consolidate your high-interest debts into a lower-interest mortgage, potentially giving you relief from hefty monthly payments. How a Cash-Out Refinance Works A cash-out refinance… Continue reading Is a Cash-Out Refinance the Answer to High Credit Card Bills?
Getting a mortgage without a credit score may seem like a tough task, but it is possible. Many assume that a credit score is a must, but if you don’t have one, you can still pursue your dream of homeownership. Here’s how. What is a Credit Score? A credit score is a numerical value that… Continue reading How to Get a Mortgage Without a Credit Score
If you’re thinking about buying a new home next year, there’s one important factor to consider before you start browsing listings—your credit score. A strong credit score can make a huge difference in the interest rates you will qualify for and can also determine your mortgage approval. Starting the process of improving your credit now… Continue reading Steps to Take Now to Build Your Credit for a Home Purchase Next Year
When thinking about homeownership, a perfect credit score often seems like the golden ticket. But what if your credit history isn’t picture-perfect? Don’t worry; buying a home with bad credit is still within reach. With careful planning and strategic moves, you can turn your dream of homeownership into a reality. Here are some valuable tips… Continue reading Tips and Insights on Home Buying with Bad Credit
Knowing the difference between a hard inquiry vs soft inquiry can help you maintain a good credit score. Here’s what you need to know. Most people know that your credit score can drop if you miss a payment or have a new collection filed against you. But how about when you apply for new credit?… Continue reading Hard Inquiry vs. Soft Inquiry — What’s the Difference?
Building a credit profile from scratch can be a daunting task, especially for those who have no credit history. These individuals, often referred to as having a “thin credit file,” face challenges in securing loans, credit cards, or even mortgages. Interestingly, having no credit at all can sometimes be more problematic than having a poor… Continue reading Preparing for a Mortgage? 5 Ways to Build Credit Without Credit a History
Securing a mortgage is a significant step towards that goal, but the interest rate you qualify for can make a huge difference in your financial journey. The good news is, that by understanding how credit scores impact mortgage rates and implementing strategic steps to boost your score, you can potentially unlock lower rates and save… Continue reading Unlocking Lower Mortgage Rates By Boosting Your Credit Score
Getting a mortgage can potentially help your credit score, as long as you make your payments on time and in full each month. Payment history is one of the most important factors that influence your credit score, so consistently making your mortgage payments on time can have a positive impact on your credit score over… Continue reading Will Getting a Mortgage Help My Credit Score?