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What’s Ahead For Mortgage Rates This Week – October 7th, 2024

October 7, 2024 by Rilian Ball

Last week was a fairly light week, with the non-farm payroll data being the most significant release. The data showed that payrolls are growing at a faster rate than historical trends suggest, which could indicate that inflation is still above the Federal Reserve's target. In contrast, the upcoming week has a busy schedule, with many important economic releases lined up back to back. Non-Farm Payrolls Hourly pay for American workers rose a sharp 0.4% in September - above expectations - to put … [Read more...]

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

How to Get a Mortgage Without a Credit Score

October 4, 2024 by Rilian Ball

Getting a mortgage without a credit score may seem like a tough task, but it is possible. Many assume that a credit score is a must, but if you don’t have one, you can still pursue your dream of homeownership. Here’s how. What is a Credit Score? A credit score is a numerical value that shows how well you manage debt. The score is based on factors like your payment history, how long you’ve had credit, and how much credit you’re using. Higher credit scores typically mean … [Read more...]

Filed Under: Credit Scoring Tagged With: FHA Loan, Mortgage Without Credit, No Credit Score

Do VA Entitlements Ever Expire?

October 3, 2024 by Rilian Ball

The VA home loan program is one of the most valuable benefits offered to those who have served in the U.S. military, providing veterans and active-duty personnel with access to favorable mortgage terms. One common question is whether these VA entitlements ever expire. What is VA Home Loan Entitlement? VA home loan entitlement refers to the amount the Department of Veterans Affairs guarantees to a lender if the borrower defaults on the loan. This guarantee significantly reduces the lender’s … [Read more...]

Filed Under: Mortgage Tagged With: Mortgage Entitlement , VA Home Loans, Veterans Benefits

Steps to Take Now to Build Your Credit for a Home Purchase Next Year

October 2, 2024 by Rilian Ball

If you're thinking about buying a new home next year, there's one important factor to consider before you start browsing listings—your credit score. A strong credit score can make a huge difference in the interest rates you will qualify for and can also determine your mortgage approval. Starting the process of improving your credit now gives you a head start, putting you in a better position to achieve your homeownership goals when the time comes. Here are five steps to help you get … [Read more...]

Filed Under: Credit Scoring Tagged With: Credit Score, Credit Tips, Mortgage Ready

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Rilian Ball


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NMLS # 202687

Call: (559) 697-5322
info@firstcg.com

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Rilian Ball
NMLS # 202687

Company NMLS: 35960
www.nmlsconsumeraccess.org

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