Understanding Your Credit Score

Simply put your credit score represents your ability to pay your debt.  Credit scores range from 400-850. The higher, the better! The average scores range from 660-720. A score of 580 or higher is generally required for a home mortgage.  However, it is still possible...

It’s Not Just About the Mortgage Rate

When you are in the market for a new home or refinancing a home, the interest rate is not everything.  Yes, it is important, but you also need to consider the loan program, down payment, monthly payment, closing costs and Google reviews of the mortgage broker. The...
Don’t Let Old Myths Keep You From Purchasing a Home

Don’t Let Old Myths Keep You From Purchasing a Home

https://chmlending.com/C5zE7x33z/wp-content/uploads/2019/01/01-15-19-Video-Dont-let-old-myths.mp4 Here is what you need to know about purchasing a home. Online application is easy. What will your down payment be?  For answers to these questions call Tim Davison at...

What Factors Determine a Mortgage Rate?

Every loan is different and this is cause by key factors that change from loan to loan. There are many factor but these are the main ones to look out for. Credit Score – Your credit score is a big factor in the loan process. The higher the Credit score the lower...