Mortgage rates are inherently variable. They fluctuate based on global and domestic economic factors, housing supply and demand, and the borrower’s credit score. While there’s not much an individual borrower can do to stabilize the national economy, borrowers can make informed choices that widen their lending options. In the current economic climate, credit is more […]
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At Chris Doering Mortgage we believe that the process of getting a mortgage shouldn’t be overwhelming or confusing. On this blog you’ll find helpful tips about every aspect of the mortgage process as well as exciting news about our team. To make things easier you can filter our posts using the buttons below and if you can’t find what you’re looking for we are just a phone call away.
When it comes to buying a home and securing a mortgage, bad credit can make it difficult to get a decent interest rate, which results in higher costs for you. Fortunately, there are some steps you can take to increase your credit score before applying for a mortgage. Improving your credit score by even 50 […]
Simply put, home equity is the interest a homeowner holds in their property based on the current market value minus what they owe on the home. A basic formula for home equity might look something like this: Home Value – Owed Amount = Home Equity Home equity should always be considered as an asset that […]
Mistakes Made During the Home Loan Process Buying a home is one of the best experiences of your adult life. However, the mortgage process can be one of the more confusing and frustrating things that you will go through. In a best-case scenario, it can take weeks to gain approval for a home loan and […]
Protect Your Credit With These Seven Effective Tips In the current economic climate, credit is more important than ever in the process of lender decision-making. Unfortunately, credit is also more vulnerable than ever to being stolen, tampered with, or breached due to the widespread accessibility of the Internet and significant advances in modern technology. When […]