Tag Archives: homebuyers

How Credit Scores Affect Homebuyers

If you’re thinking of buying a home, one of the first questions you may ask is “Can I qualify for a home mortgage loan?” There are a number of factors that determine the answer, such as your employment history (including length of time at your current job), your debt to income ratio (how much you owe compare to how much you make), and the amount you have for a down payment. But perhaps the biggest factor in determining your loan eligibility is your credit score.

There are actually a few different types of credit scores. The score used by the mortgage industry is your FICO score, which for housing loans ranges from 300-850. This range is broken into categories ranging from “Excellent” to “Bad”.

Photo Credit: Credit Sesame

The obvious question is “what credit score is needed to buy a house?”

Unfortunately, the answer isn’t as obvious. Continue reading

The Inspiring Growth of Hispanic Homeownership

Owning a home is no doubt part of the “American dream.” Yet less than two-thirds of Americans currently do. In fact, the overall rate of homeownership is hovering near a 50-year low, at 63.6%. For minorities, the rates are even lower, coming in at 56.8% (Asian), 46.6% (Hispanic), and 42.7% (African American).

Does this mean that Americans don’t value homeownership anymore? Continue reading

How to Reduce House Hunting Stress

Thinking of buying a home? It’s exciting, right? Whether you’re becoming a home owner for the first time or just looking for a new house, there’s something so appealing about imagining living in a new place. And then reality sets in. (Wah, wah, wah…)

The truth is buying a home can be one of life’s most stressful events, especially in today’s hot housing market. While there is no way to make it a completely anxiety-free event, there are things you can do during the house hunting and buying process that will minimize your stress. Continue reading

Housefax® Adds Local School Data to Property History Reports

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Home buyers cite school proximity and quality as key deciding factors in home purchase

WASHINGTON, August 1, 2016 /PRNewswire/ – Housefax, a leader in residential property history information, continues to enhance its property history report for consumers and industry professionals. Recently, Housefax added local school data including proximity, enrollment size, total expenses and advanced placement opportunities to its flagship report. View a sample report here.

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Top Keller Williams Real Estate Team Offers Free Housefax Reports to Homebuyers

WASHINGTON, August 1, 2016 /PRNewswire/ – The home buying experience for Metro D.C. homebuyers has been enhanced thanks to Housefax, a leader in residential property information products, and Jennifer Young Homes, the number one Keller Williams Agent in Virginia.

Jennifer Young, CEO and licensed realtor, recently launched a new campaign to leverage the Housefax brand while distinguishing her team’s services. Serious homebuyers working with the Jennifer Young Homes Team can now request a free Housefax Report before writing a contract to help them save both time and money. Young is a subscriber of Keller Williams Housefax PRO, a customized subscription plan for Keller Williams Agents.

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