Articles

Category | Buyer Education

Pre-approval vs Pre-qualification

In the world of mortgage, it may get confusing navigating the many different terms and labels that will be thrown at you throughout the process. At Home Point Financial, it is important to us that our customers know exactly what status they are at in their mortgage process, which is why we are dedicated to educating customers on the important must-know terms in home buying.

Dec 17, 2015 | Buyer Education

Understanding Your Credit Score

A credit score is what lenders utilize to determine and evaluate what risk is associated with lending someone money. A credit score is typically needed before opening up a new line of credit, auto loan, a mortgage, or any other type of loan. Navigating a credit score report may be confusing, so here are the top things you need to know to understand your credit score.

Nov 24, 2015 | First Time Homebuyer, Buyer Education

Student Loans May Affect Mortgage Eligibility

Aug 02, 2017 | Mortgage Tips, Buyer Education

How Is Conditional Approval Different from Pre-Approval?

Aug 03, 2017 | General, Buyer Education, First Time Homebuyer

How The Federal Reserve Impacts Mortgage Rates

Oct 12, 2017 | Buyer Education

5 Things to Keep in Mind When Selling Your Home

Have you considered the hidden costs of selling your home? To minimize your expenses and maximize profits, here’s 5 tips to keep in mind when selling your home:

Feb 05, 2020 | Buyer Education, Homeowner Advice

Tips for Improving Your Credit Score Before Buying a Home

Jul 30, 2020 | Buyer Education, First Time Homebuyer

Strategies for Winning a Bidding War

Oct 01, 2020 | Buyer Education

What You Need to Know About Debt-to-Income Ratio

Your debt-to-income (DTI) ratio compares the amount of debt you have to your overall income. Some people say that this number is just as important as your credit score, especially when you are applying for a mortgage. This is because lenders look at this ratio when deciding whether or not they are going to allow you to borrow money.

Oct 02, 2020 | Buyer Education