Tag: Home Buyers

Posted on 05/17/2022
New-Home Buyers Face Rising Rate Surprises
© Andrii Yalanskyi - iStock / Getty Images Plus New-home buyers who signed a contract to purchase their home a year ago, when mortgage rates were 3% or in some cases less, are finding themselves caught off-guard as their homes near completion, as mortgage rates have climbed to 5.3% this spring. They may face increases of hundreds of...
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Posted on 03/24/2020
What is a FICO Score?
Image by David Pereiras from Shutterstock Your FICO score is a key factor used to determine if you qualify for a mortgage. The Fair Isaac Corporation (FICO) is the creator of the most common credit score used by home loan providers. The algorithm used to create your score is a closely-guarded industry secret. But in general, it factors...
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