Traditionally, mortgage lenders only looked at credit scores to assess a borrower’s creditworthiness. However, credit scores don’t always tell the whole story. Rent payments can be a more reliable indicator of a borrower’s ability to make payments on time. Fannie Mae has updated its policy to include rent payment history in the creditworthiness assessment. This […]
When You Sell Your House, Where Do You Plan To Go?
If you’re thinking about selling your house, you may have heard the supply of homes for sale is still low, and that means your house should stand out to buyers who are craving more options. But you may also be wondering, once you sell, how does the current supply impact your own move? And, will you be able […]
Is Owning a Home Still the American Dream for Younger Buyers?
Everyone has their own idea of the American Dream, and it’s different for each person. But, in a recent survey by Bankrate, people were asked about the achievements they believe represent the American Dream the most. The answers show that owning a home still claims the #1 spot for many Americans today (see graph below): In fact, […]
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