As the economy continues recovering, the face of homeownership is changing. Increasing numbers of people choose to rent rather than buy; especially young college graduates, newly married couples, or small families. The question of whether to rent or buy can get complicated because it depends on more than money. Choice Lending Services staff would like […]
Buying a home can be one of the most stressful journeys of your life. With all of the doubt, questions, and unknowns, there is much to worry about. Will we have enough money? Is this the right house? Is this the right neighborhood? Are we paying too much? It is easy and common to suffer […]
Buying a home is expensive, and most families need a loan to help them out. However, there are a lot of loans to choose from. It can be confusing to decide which is best for you, especially when the financial commitment is so large. If you’re trying to decide on a home loan, consider these […]
Buying a home is an exciting, yet anxious time. It takes time, patience and persistance to find a new home, get through the closing and finally, move into your new home. Having a general overview of the home buying process will ensure you understand what’s happening throughout the process. Get Pre-Approved Before you start shopping […]
You’ve decided to go for it. Buying a home can be thrilling and nerve-wracking at the same time, especially for a first-time homebuyer — it’s difficult to know exactly what to expect. The learning curve can be steep, but most of the issues can be resolved by doing a little financial homework. Take these steps to […]
Several things can affect your credit rating. For some people, fair or poor credit is the result of not having enough credit history, while for others, major life events such as divorce or an illness take a financial toll. No matter your life story, a less than perfect credit history can affect your ability to […]
Many prospective homeowners like the idea of building because rather than settling, because they get exactly what they want. Others like buying something new, because no one else has ever lived in it. No matter the reason, home building is an increasingly popular option for prospective homeowners. But how does the financing work? The Construction […]
One of the things prospective homeowners worry about most is paying the closing costs. These are costs associated with closing on a home loan and building an escrow account for the payment of property taxes and homeowner’s insurance. Many homeowners choose to roll taxes and insurance into their mortgage, which will ultimately affect the amount […]
One of the most common questions people have about home buying is this: “What credit score do I need to qualify?” The reality is there is no one-size-fits-all answer. Your credit score plays a significant role in your ability to finance a home, but your loan application decision will be the result of several factors […]
A reduction in your mortgage interest rate can translate into significant savings. The key is ensuring they aren’t outweighed by the charges and fees involved. Here are some tips to help you determine whether refinancing your mortgage will pay off: UNDERSTAND THE FEES Lenders typically charge fees for the mortgage broker’s services, credit reports, a […]