2 Mortgage Myths That Are Effecting Home Buyers

Fannie Mae’s “What do consumers know about the Mortgage Qualification Criteria?” Study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Myth #1: “I Need a 20% Down Payment” Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. […]

Did You Know There Are 1% Down Home Loans Available?

Did you know there are 1% down payment home loans available? Many home buyers think they need 20% down to buy a home and that is stopping them from buying. That is simply not true. There are loans starting at 0% for veterans, then 1%, 3%, and 5%. There is an option that will work […]

How Do Today’s Home Costs Compare To Past Decades

Sometimes the best way to know whether your current situation is positive, is to look at the history of that situation. So, I decided to take a look at the history of home costs. In other words mortgage rates and payments, over the last few decades.   Here’s how it looks: What does this mean […]

Renting in Knoxville? Stop Paying Your Landlord’s Mortgage!

Are you renting in Knoxville? It may be time to stop paying your landlord’s mortgage. There are lots of folks out there that haven’t bought a home yet because they don’t feel comfortable taking on the commitment of a mortgage. What everyone needs to realize is that, unless you are living with your parents rent free, you are paying a mortgage […]

Will All Credit Bureaus Give Me the Same Credit Score?

If you have looked at your credit report recently or spoken to a lender about your credit, you may have seen that there are three different credit bureaus that handle credit scoring.  They are Equifax, TransUnion, and Experian.  All get the same information from your creditors, so you would think that your credit score would […]