Tag Archives: credit

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While buying your first house is an exciting time and a big milestone, it’s important to keep in mind that there are some actions to avoid during the buying process. Here are some common but avoidable mistakes that first-time homebuyers sometimes make. Skipping the Prequalified Process When you decide to take the big step towards … Continue reading 4 Common First-Time Homebuyer Mistakes


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If you’re planning to buy a house, here are five tips to help you start the process. Know how big a loan you qualify for Potential home buyers should look at the loan-to-value (LTV) ratio to aid them in knowing what they can afford. Calculate the LTV by dividing the loan amount by the appraised … Continue reading Five Steps To Take When Buying a Home


All Credit Scores are Not Created Equally

Credit scores often have consumers (and sometimes lenders) scratching their heads and saying “How did they come up with THAT?” The one you hear about the most are FICO scores (an acronym for the Fair Isaac Corporation, the creators of the FICO score). It’s the one that most mortgage lenders use as one of the … Continue reading All Credit Scores are Not Created Equally


Do’s and Don’ts of the Loan Process

You’ve applied and been approved for a mortgage on that wonderful dream home…Now what? Buying a new house comes with many new expenses. Aside from the purchase of the house, there is generally a need for new appliances, furniture and even repairs and updates. While you may want to make sure you have a new … Continue reading Do’s and Don’ts of the Loan Process


The History of the Federal Reserve System

fat loss program for men This week the Mortgage Meister will begin a multi-part series on the History of the Federal Reserve System. “The Fed”,  whose origins can be traced to almost every organized society attempting to deal with currency exchange, specifically, a uniform system for the orderly exchange, compensation for goods and services between … Continue reading The History of the Federal Reserve System