Company News
Despite the Loan Program, It is Still Important to have Good Credit
Wednesday, September 13, 2017
Lenders everywhere are demanding record-high FICO credit scores, but for many of today’s borrowers it is a mystery about what makes the number go up or down. Fannie Mae and Freddie Mac are averaging around 760 on approved mortgages this year, so there is an increased importance of maintaining a high score.   Home buyers and mortgage applicants are affected by higher numbers of...
What is a Loan Servicer?
Thursday, August 31, 2017
There are a lot of companies, and people, involved in the home loan process. A borrower might work with a real estate agent, a loan broker, a lender, a title or escrow company, a loan servicer, investor, and so on – it can be somewhat confusing. But most borrowers know what those are – except for the “servicer.” What is a loan servicer, and is it needed?   When it...
The Mortgage Credit Certificate for Indiana First-Time Home Buyers
Thursday, August 3, 2017
The Mortgage Credit Certificate (MCC) Program was established by Congress in 1984 as a way to provide assistance for first-time home buyers with the requisite low to moderate income levels. The program is funded by the federal government and one of the most comprehensive home buyer assistance programs. Many buyers who may qualify, however, know nothing about the program and its benefits. ...