One of the first questions homebuyers ask is how much they can afford to borrow. While the number may seem mysterious, lenders use a clear set of financial factors to decide how much you qualify for. Understanding these factors can help you plan ahead, make smart choices, and feel confident as you start your homebuying journey. Your Income and Employment HistoryLenders begin by reviewing your income to determine if it is stable and sufficient to support a mortgage payment. They will verify your … [Read more...]
Steps to Take Now to Build Your Credit for a Home Purchase Next Year
Buying a home is one of the most exciting goals you can set, but your credit score plays a major role in how easy or challenging the process will be. The good news is that with time and planning, you can strengthen your credit and set yourself up for a smoother approval when you are ready to buy next year. Review Your Credit ReportStart by pulling your credit report from all three major credit bureaus. Review each report carefully to make sure that your personal information and account details … [Read more...]
What’s Ahead For Mortgage Rates This Week – November 3rd, 2025
With the ongoing government shutdown, other major releases have hit a snag, as there is still very limited information for when the shutdown may end. The largest and most impactful releases continuing to move forward are those from third-party sources still publishing data — such as the Consumer Sentiment reports — which show that consumers remain concerned about inflation but have recently grown more optimistic about the labor market. As expected, the Federal Reserve cut rates again … [Read more...]
Comparing Biweekly Payments and Lump Sum Payments to See Which Saves More
Homeowners looking to save on interest or shorten their loan term often explore two popular strategies: biweekly payments and lump sum payments. Both can reduce the total interest paid and help you build equity faster, but they work in different ways. Understanding how each method functions can help you decide which fits your financial goals and lifestyle best. How Biweekly Payments WorkWith a biweekly payment plan, you make half of your monthly mortgage payment every two weeks instead of one … [Read more...]
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