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Mortgage Guidelines Easing

Fannie Mae recently announced changes to their guidelines that will make it a little easier for some people to qualify for a mortgage. The changes, which are being made to Desktop Underwriter (DU), Fannie Mae’s automated approval system that most…

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Credit Changes Are Coming

Beginning on or about July 1st of this year, millions of Americans will see their credit scores increase, anywhere from 20-30 points, or more. This stems from a change to what information is reported by the credit bureaus, or, more accurately,…

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Understanding the Fed Rate

The Fed raised the rate, so why didn’t mortgage rates go up? While popular conception is that the Fed rate directly influences mortgage rates, that isn’t actually true. The Fed rate is the rate at which banks lend each other…

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Understanding Your Credit

Your credit score is a numerical score that is used by creditors to determine the risks involved with extending you credit. The idea is, in theory anyway, that the higher your score, the less likely you are to default on…

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No, I’m not a broker….

“No, I’m not a broker…” That’s a phrase that I’ve said more times than I can count. People always assume that I must be a mortgage broker. Heck, even my wife up until recently would introduce me that way.  So…

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