The Mortgage Blog

Well if your counting minutes the days just got shorter. This I think ranks right up there with New Years Eve resolutions. Lets face it you probably knew the days were getting shorter or somebody reminded you. Either way the question is have you accomplished what you set out to do this year? Ok so I am somewhat biased but I truly believe that if you don't own a home your missing the boat, or at least the patio,swimming pool, private yard, and pride of ownership...etc,etc.

Renting is getting more expensive now that financing is getting harder and harder, thats just the way it goes.  For the last 5 years landlords have starved as anyone who could fog a mirror could get a mortgage, the table has now turned. Mortgages are more costly, credit scores are now dictating who gets financed and the guidelines have toughened up. That does not mean you should throw in the towel, on the contrary what you should do is call your local mortgage broker and find out how to get pre-approved.  Low credit scores won't go away by avoiding them and a professional loan officer can help guide you on ways to improve your score.  They see these situations every day and more than likely can help you without the high cost of "credit restoration" firms. So you may not be able to buy today but at least get yourself on the right track because after all, the days are only getting shorter!

If you would like a confidential pre-approval consultation, please visit us at www.centerpointemortgage.com/getpreapproved.