Mortgage Grader

Jun
24
2020

How Long Will It Take For Your Credit to Repair After A Late Mortgage Payment?
Your mortgage is probably your household's most significant debt and accounts for most of your living expenses. Understandably, money has been tight for many Americans in this COVID economy, and many homeowners were late on their payments. If this sounds like you, you may be wondering...

Jun
19
2020

How to boost Black homeownership rates
Zero-down mortgages, loan guarantees and approvals based on disposable cash could help African Americans build wealth. Mary Pherribo was a house servant and a descendant of slaves. It was 1935. Mary was determined to become a homeowner. She purchased a plot of land in Hillsboro, North...

Jun
17
2020

Should You Get Your Home "Move-In" Ready Before Listing It?
Most homes have an element that could use some improvement before putting on the market. Perhaps the wood flooring is looking scratched and dingey. Or the tub and shower are showing their years. Or maybe the shingled roof is making your home look outdated. No matter what needs...

Jun
12
2020

Self-employed borrowers face new scrutiny from Fannie, Freddie
Good showings on past tax returns may not overcome COVID-19 triggered weak financials Who cares if it is April, May or December when you make the big bucks from your business and stash the cash in your bank account? When it came to qualifying for a mortgage, the bottom line...

Jun
10
2020

What Happens When You Don't Pay Property Taxes?
Property taxes are a given when you own your property. Some homeowners choose to roll the taxes into their mortgage payment and let the lienholder pay when they are due. However, some prefer to pay it themselves. Here is what may happen if you do not pay your property taxes. What is "Property...

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