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Refinancing to consolidate Christmas debt – BEST IDEA EVER!

If Christmas turned out to be more expensive than you thought, you’re not alone. The unfortunate truth is that many families are avoiding the mailbox in January knowing their credit card bills will eventually show up. Thanks Santa!🎅😂 If you find yourself in this situation, there’s hope. You may be able to use your home’s equity to pay off credit card bills or other debt to give you the fresh start you want in 2020. But there’s a catch. Sort of… All of the signs point to rising interest rates, so your window to get a super-low rate may be [...]

2020-01-18T17:39:29+00:00By |Refinancing|Comments Off on Refinancing to consolidate Christmas debt – BEST IDEA EVER!

What is PMI? Breaking it down

Like many terms in the real estate industry, it can be hard to really get a handle on what a term like "PMI" means, but we’re breaking down the facts behind PMI once and for all. Read on to see what it actually means, how it works, and why it may have gotten a bad rap. So, what exactly is PMI? “PMI” stands for Private Mortgage Insurance. These days, it’s common for lenders to require it in order to be approved for a mortgage if you plan on putting less than 20% down on the home. Since buyers who make [...]

2019-10-16T18:35:47+00:00By |Mortgage|Comments Off on What is PMI? Breaking it down

VA Loan Eligibility: Credit Score, Loan Amount & Military Type

Dealing with the VA and all of their processes can be frustrating, and that when you add finding a home, and getting the best mortgage to that list, things can get out of hand very fast. But here's the thing: Figuring out your VA loan eligibility doesn't have to be a complicated process and once you figure it out, all VA lenders will follow the same guidelines. In today's post I am going to go over what requirements you have to meet to become eligible for your VA loan. I will also discuss how to apply for your certificate of [...]

2020-01-18T17:41:58+00:00By |VA|Comments Off on VA Loan Eligibility: Credit Score, Loan Amount & Military Type

Best VA Loan Rates for $400,000, $425,000, $450,000, $475,000, and $500,000 Mortgages

If you're looking for the best VA loan rates between $400,000 and $500,000, you're in the perfect place! Most mortgage lenders won't show you sample quotes (they only want your personal info!) But not here! In this article, we'll show you sample VA loan rates for $400,000, $425,000, $450,000, $475,000 and $500,000 mortgages.   The keys to future home ownership include; understanding how your credit score will determine your APR rate, why higher APR rates make your monthly payments higher, and how the higher the monthly payment the less you can afford for a home.  Get started with a quick quote by [...]

2020-01-18T17:44:10+00:00By |VA|Comments Off on Best VA Loan Rates for $400,000, $425,000, $450,000, $475,000, and $500,000 Mortgages

Best VA Loan Rates for $300,000, $325,000, $350,000, and $375,000 Mortgages

Everyone deserves a place to call home, but none more so than the families and members of the military.   You deserve to have a home and we’ll show you how to get the best VA loan rates for $300,000, $325,000, $350,000 and $375,000 mortgages.   We will explain how your credit score affects your APR rate, how the APR rate affects your monthly payments, and why your monthly payments can determine how much you can afford for a home.  NOTE: Actual rates depend on your credit score, down payment, state, and loan amount.  Click here for an accurate, free quote. Or get started [...]

2020-01-18T17:46:56+00:00By |VA|Comments Off on Best VA Loan Rates for $300,000, $325,000, $350,000, and $375,000 Mortgages

Best VA Loan Rates for $200,000, $225,000, $250,000, and $275,000 Mortgages

It’s very common for first time home buyers to have no idea how much they can afford to pay for a home.   We are going to pull back the curtain on the best VA loan rates for $200,000, $225,000, $250,000 and $275,000 mortgages.  You need to know the VA loan amount that you can afford and the key factors that determine that number.   We will review those components and explain how your credit score affects your APR interest rate, show how the APR determines your monthly mortgage payment which is a huge factor in the amount of a mortgage you will qualify for.  Be sure that [...]

2020-01-18T17:48:14+00:00By |VA|Comments Off on Best VA Loan Rates for $200,000, $225,000, $250,000, and $275,000 Mortgages

Best VA Loan Rates with a 680 to 710 Credit Score

Finding the best VA loan can be stressful with a credit score of 680 to 710.  You know your score is decent, but can you actually get a really low loan rate in this credit range?The problem?Other lending sites won't show you any sample quotes!... they only want your personal info!Not at the Wendy Thompson Team.  We'll show you exactly what you want... sample VA loan rates.We understand the process can feel overwhelming, but we will alleviate many of those fears and questions in this article as we explain how you can get the best VA loan rates with a 680, 685, [...]

2020-01-28T00:22:22+00:00By |VA|Comments Off on Best VA Loan Rates with a 680 to 710 Credit Score

Best VA Loan Rates with 640-670 Credit Score

Every family deserves a home, especially our military families and veterans. But the home buying experience can be frustrating. Especially when you want to see ballpark rates at your current credit score of 640 to 670, and no VA lending site will show them to you! (All they care about is getting your personal info). Not at The Wendy Thompson Team! We show you exactly what you want.  Not only will we will show you the Best VA Loan Rates by Credit Score for scores of 640, 645, 650, 655, 660, 665 to 670, but we'll also show you how [...]

2020-01-18T17:51:50+00:00By |VA|Comments Off on Best VA Loan Rates with 640-670 Credit Score

The hidden cost of renting & waiting to buy

As a renter or first time home buyer, it’s easy to look at home ownership as potentially expensive. You’ve got home maintenance, insurance, repairs, landscaping and any number of things which may require money to maintain. But here’s the thing that almost NO ONE REALIZES: When you rent, there is a cost involved in waiting. And it’s a HUGE number. Way bigger than you think. That’s why I bought a home as early as I could. And it’s why I’ve encouraged MY OWN children to buy their first home’s as early as possible. It’s the COST OF WAITING! Forget hundreds, [...]

2018-11-29T18:08:32+00:00By |Homebuyer|Comments Off on The hidden cost of renting & waiting to buy

Why Closing an Old Account Can DROP Your Score

It’s a popular opinion amongst those who work with any lines of credit that logic is discarded as often as possible. We’ve seen plenty of cases where someone was utterly dismayed when presented with the information that paying off something like a five-year automobile note actually lowered their score up to 40 points.  Why Does This Happen? The pure and simple answer is completely counterintuitive (see first sentence of blog) but here it is: The bureaus would rather you show consistent payments over years and decades than to succinctly pay it off. The older the trade line the more you [...]

2018-06-29T16:35:04+00:00By |Loan|Comments Off on Why Closing an Old Account Can DROP Your Score