Mortgage Archives - Page 177 of 239

Tips For Getting A Mortgage Application Approved Right now, mortgage rates have fallen to rates that haven’t been seen in years. This opens the door for many people to apply for a mortgage that they previously may not have been able to afford. Sadly, not everyone who applies for a mortgage is going to be approved. There are a few steps that applicants can take to increase their chances of getting their mortgage application approved.

Increase The Credit Score

Applicants need to make sure that their credit scores are as high as possible when they apply for a mortgage. The greater the credit score is, the more trustworthy they look to lenders. In general, applicants are going to need a credit score of 620 or higher to qualify for a home loan; however, those who want to get the best interest rates possible need to make sure their credit score is as high as possible. Try to ask for a free copy of the credit report from one of the major credit bureaus and correct any inaccuracies that might be present. Then, pay down as much debt as possible before applying for a mortgage.

Add More To Savings

Those who want to qualify for the best interest rates will need to be willing to put more money down. The only way to make this happen is to increase the amount of money in the savings account. Lenders are more willing to provide people with a home loan if they know the potential homeowner is supplying some of the capital as well. Delaying the home search by a month or two to collect more money in a savings account can dramatically improve someone’s chances of getting approved.

Increase Employment History

The longer someone has been employed, the better the chances of the application being approved. Lenders want to make sure that the potential homeowner is going to be able to pay back the loan. The longer the applicant has been employed, the greater the chances that he or she is going to remain in that position. A longer employment history could help someone qualify for lower interest rates.

Get A Mortgage Application Approved

These are a few steps applicants can take to improve the strength of their application. That way, they can get the home of their dreams.

Easy Repairs To Do At Home During the past few months, many people have been stuck at home. Whether this involves working from home or going to school from home, many home appliances are receiving more use than usual.There might be more breaks, clogs, and leaks than most families are used to dealing with.

Many families are tired of spending money on technicians and mechanics and might be looking for a more cost-effective way to deal with home repairs. There are a few key home repairs that homeowners can handle on their own.

Stopping A Leaky Faucet

Leaky faucets are among the most common issues homeowners deal with. There are two shut-off valves under the sink that need to be turned off first. Then, make sure there is nothing coming out of the faucet. Remove the handles from the faucet using a screwdriver and look at the cartridge, ceramic disc, and ball underneath. Remove these parts and replace them with new parts (in the reverse order) and the faucet should stop leaking.

Repair The Window Screen

If there is a tear in a window screen, this is a great way to let bugs in the house. The screen is usually held in place by tension springs or small clips. Remove the screen and locate the cord that runs on the outside of the screen, which is called the spline. Pry the spline up using a screwdriver. Then, remove the old screen. Finally, cut a new piece of screen that is slightly larger than the frame and secure it in place by pushing the spline back into place.

Unclog A Drain In The Bathroom

If the water level keeps rising during the shower, then this can be concerning. While many people are tempted to use chemical cleaners to unclog the drain, this could be dangerous for the pipes themselves. Instead, use a reliable hair snake (which looks like a zip tie with edges) to pull out the gunk. To access the drain, you may need to remove the stopper or unscrew the drain itself. Pull out the material with the snake and discard it.

Handle Repairs At Home

These are a few easy home repairs that homeowners can handle themselves. This can save a lot of time and money.

Tips For Getting A Mortgage Application Approved

Easy Repairs To Do At Home

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