The 2020 Millennial Home Buyer Report shows how this generation is not really any different from previous ones when it comes to homeownership goals: “The majority of millennials not only want to own a home, but 84% of millennials in 2019 considered it a major part of the American Dream.” Unfortunately, the myths surrounding the barriers to […]
6 Graphs Showing the Strength of Today’s Housing Market [INFOGRAPHIC]
Some Highlights: Keeping an eye on the current status of the housing market is one of the best ways to make powerful and confident decisions when buying or selling a home. Mortgage rates remaining near historic lows and houses selling in an average of only 29 days are just two key elements driving the strength […]
Today’s Homebuying Myths Slayed! [INFOGRAPHIC]
Some Highlights: The average down payment for first-time homebuyers is only 6%! Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate! 88% of property managers raised their rents in the last 12 months! The average credit score on approved loans continues to fall across many […]
What Credit Score Do You Need To Buy A Home in Knoxville?
There are many misconceptions about the credit score needed to buy a house in Knoxville. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are misinformed! Only 25% of the Americans have a FICO® Score between 740 and 800. Here is […]
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. […]
3 Questions Every Home Buyer Should Know The Answer To
VIDEO: There are 3 questions every potential home buyer should know the answer to. I give you the questions…and the answers. There are many potential home buyers still renting because they believe they can’t qualify for a mortgage. This information could be a game changer for them, as their is a lot of misinformation out […]
Buying A Home Does NOT Have To Be Scary
As we enter this spooky time of year, find out how buying a home in Knoxville can be scary, unless you know the facts. Knowing the facts (and not the myths) about buying a home can turn you from scared into fearless. Watch the video above to learn the truth about: Down Payment, Credit Score, […]
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 […]
Will Multiple Lenders Pulling My Credit Lower My Credit Score?
If you are thinking of buying a home or a car, most of us will be using credit. Our credit score can not only effect whether or not we will be approved but also if we get the best terms. A big question I hear is, “will multiple lenders pulling my credit lower my credit […]
5 Factors That Make Up Your Credit Score
Credit scoring can often be confusing and overwhelming. Here is a quick guide to the 5 factors that impact your credit score. Payment History is the largest factor in how your score is calculated. How you pay your bills accounts for 35% of your total score. This includes not just collections, judgments and other negative […]