Benjamin Franklin said, “You may delay, but time will not, and lost time is never found again.” This was never truer than what my client (let’s call him Bill) discovered when he decided to sell his home.
Cosigner Trapped when Refinancing Declined
If you have a 640 or lower credit score but want to buy a house that costs more than you are qualified for, a cosigner is a great option. Why is 640 an important number? Although you can get financing with a lower score, the costs and interest rates will be much higher. Having a credit score above 640 – or having a cosigner with good credit – means you can qualify for better rates that will save you tens of thousands of dollars over the life of a home loan. Continue reading “Cosigner Trapped when Refinancing Declined”
Want your kids to be homeowners? Teach them early.
Children only know what they are taught. If you want them to become home owners, you have to teach them how, right from the start.
Continue reading “Want your kids to be homeowners? Teach them early.”