4075 Wilson Blvd, Suite 823,

Arlington, VA 22203

Buying a Home with Challenged Credit

Borrower at table getting mortgage with bad credit

Buying a home with poor credit can be a challenge, but it’s not impossible. Your credit score – whether it’s good or bad – is just one of the factors your home lender will use to decide whether you’re eligible for a loan.  What is a Bad Credit? Bad or “low credit” typically means your FICO score is under 600. FICO credit scores range from 300 to 850 and […]

What is a home equity line of credit?

Woman researching what is a HELOC loan

A home equity line of credit (HELOC) uses the equity you’ve built in your home as collateral to get an additional loan. Since you’re using your home as collateral, lending institutions generally are able to offer much more favorable interest rates than you would get from an unsecure borrowing source (like a credit card company).   How much money can […]

6 things you shouldn’t do when you’re pre-approved for a mortgage

Couple shopping after quick mortgage pre-approval

Just because you’re pre-approved for a loan doesn’t mean you’re guaranteed to get final approval on your loan. When your offer has been accepted and it’s time to begin closing on your loan, your mortgage lender is going to take another detailed look at your credit history, assets, income, and FICO score. You want to make sure you look just as good as […]

Closing on a home – how to prepare

First-time homebuyers learning about closing on a home

You’re getting ready to close on a new home – congratulations! You’ve completed your house hunt, you negotiated the price, and your offer was accepted. Before you get handed the keys to your new house, there’s one final step you’ll have to complete – closing on your home. What is closing? It’s the final step […]

What is a cash-out refinance?

cash out refinance

So What is a cash-out refinance? A cash-out refinance is a type of loan where a borrower has a mortgage they are currently paying off and they replace it with a new mortgage for more than their remaining principal. The difference between the principal balance of the first mortgage and the new one is given […]

How much will your down payment on a house be?

Low down payment on a house graphic

What is a down payment on a house? A down payment is a minimum cash payment a buyer makes during the closing process to secure a loan on a home purchase. Down payment requirements vary for different types of loans, and can range from as low as 0% of the total purchase with a VA […]

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