Welcome to Part One of a Two Part Article On Affording Your Dream House. We here at Palm State Mortgage want you to approach buying your home realistically. We hope to guide you into a mortgage situation that will be wonderful for your life and comfortable for your budget.
Many people do not understand how “much” of their “dream” house they can afford. Today we present the first of four tools in the Tool Box we call the Palm State Mortgage Company Toolbox:
Your Number One Mortgage Tool: The Palm State Hammer. Use it “Hammer Out” A Great Credit Score. Your good credit report will be reflected in your lender’s lower rates. BREAKING NEWS IN THIS MATTER: As of April 1, 2012, your good credit has become even more important.This week, the FHA has tightened restrictions on loans given to people with outstanding, disputed debts of as little as $1,000.00.
Tiffany Thomas Smith, deputy press secretary for the U.S. Department of Housing and Urban Development, FHA’s parent agency said, “It’s a way of protecting consumers from getting into loans they ultimately can’t afford.”Details