Financial IQ January 24 2017

Breaking Down Your FICO Score

Most people are familiar with the FICO score version of the credit score. Scores on the FICO scale range from 300 to 850. However, there isn’t just one credit score range to go by. There are different types of credit scores, and each of them has its own range. This is the main reason why when you look at a consumer credit report versus a mortgage or lender report, you notice a difference in the scores. Sometimes there are multiple score modules.

 

4 Habits to Build Credit

How is the Credit Score calculated?

Your credit score can impact many areas of your life, particularly when it comes to homeownership – yet few seem to fully understand how it’s calculated. And more importantly, how it may be improved. MGIC’s illuminating mortgage infographic, Breaking Down Credit Score, will help you easily understand how the FICO credit score is calculated and reveals credit-related facts like the average national credit score.

  Sources: MGIC-connects.com

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January 20 2017

Tips on Buying in a Tight Market

Increase your chances of getting your dream house instead of losing it to another buyer, with these easy steps. Get prequalified for a mortgage. You'll be able to make a firm commitment to buy and make your offer more desirable to the seller. Stay in close...

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January 20 2017

Tips for Finding the Perfect Neighborhood

The neighborhood you choose can have a big impact on your lifestyle, safety, available amenities, and convenience all play their part. Make a list of the activities, movies, health club, church you engage in regularly and stores you visit frequently. See how far...

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January 20 2017

4 Tips to Getting Your Finances in Order

The beginning of a new year is the perfect time to improve your finances, even though it may sound like a dull task. For some, the idea of sorting out their finances isn’t very appealing, but it can help set yourself up for a solid financial...

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January 14 2017

What Is a REALTOR?

A real estate agent is a REALTOR when he or she is a member of the NATIONAL ASSOCIATION OF REALTORS, The Voice for Real Estate -- the world's largest professional association. The term REALTOR is a registered collective membership mark that identifies a real...

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January 14 2017

What Your Home Inspection Should Cover

Siding: Look for dents or buckling Foundations: Look for cracks or water seepage Exterior Brick: Look for cracked bricks or mortar pulling away from bricks Insulation: Look for condition, adequate rating for climate Doors and Windows: Look for loose or tight...

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January 14 2017

What Is Appraised Value?

It's an objective opinion of value, but it's not an exact science so appraisals may differ. For buying and selling purposes, appraisals are usually based on market value: what the property could probably be sold for. Other types of value include...

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January 14 2017

The Pros and Cons of Condos

Condominiums and townhouses offer an affordable option to single-family homes in most areas. But consider these facts before you buy. Storage. Some condos have storage lockers, but usually there are no attics or basements to store belongings. Outdoor space....

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January 05 2017

Determining the Better Fit for You – To Rent or To Buy?

If you’re looking to make a move soon, you may be faced with a common question—to rent or to buy? When determining whether or not to continue to rent or if you’re ready to become a homeowner, there are a number of factors to consider. Below,...

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June 30 2016

8 Steps to Prepare Your Home for a Hurricane

With hurricane season approaching, it is crucial to be prepared for any kind of danger. Having a disaster plan includes knowing your local evacuation escape routes, check your local news channels for real-time updates, and building an emergency kit. While...

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