Is it time to refinance? How to help clients decide

Refinancing a home is a valuable way to save money and ultimately reduce a mortgage payment. At a high level, refinancing means trading a current mortgage loan for a fresh one …

What the Wells Fargo scandal means for mortgage borrowers

When a buyer client sees a news story about something that could affect the home loan, chances are high that real estate agents will be getting some borderline panicked questions in the near future. Fallout from Wells Fargo’s employee cross-selling scandal continues to raise questions about how the bank’s customers were harmed by the illegal scheme — including their ability to access financial products and services like mortgage loans …

Listing 2 Leasing platform aims to modernize rental screenings, transactions

Landlords and rental brokerages in Chicago are familiar with the disconnect between their industry’s growth and available technology to keep their work streamlined and safe. Listing 2 Leasing is aiming to lessen the disconnect by enabling brokers, land…

More than just money: Landlords say most desirable tentant traits include transparency, manners

It’s no secret that landlords prefer tenants with a regular income and decent credit score, but what else do property owners consider top qualifications for good renters …

Do you have ‘average’ credit? If so, getting a mortgage may be tough

In the early 2000s, getting a mortgage was hardly difficult thanks in great part to lax lending standards. This practice eventually led to a bubble forming in the nation’s housing market — which, as we all know, subsequently burst. Since that time, the pendulum has swung the other way — to an extreme …

5 first-time homebuyer tips to know before house hunting

Buying a house is probably the biggest single purchase you will ever make in your lifetime, so it’s no wonder most people also find it to be a stressful experience. Making the final decision on a house shouldn’t be taken lightly, as it is something that will affect you for the rest of your life. It’s important that you understand every step …

Do you really understand your client’s credit score?

First-time homebuyers look to agents to fill in knowledge gaps. Although you’ll likely be sending buyers to a lender, it’s good to understand and be able to explain the terms. Especially if they tell you a number or hand you a credit report and think they’re set. Chances are, most don’t know that consumer credit scores are not a measure of true homebuying power …

5 good reasons not to freak out over higher interest rates

One of strongest drivers of demand in today’s housing markets is buyers’ fear that interest rates will rise, and they will never again see rates as low as they are today. That’s one reason the first-time buyer volume of government-guaranteed mortgages, low down payment loans such as FHA and Freddie Mac’s Home Possible Advantage program surged 18 percent in April, according to the American Enterprise Institute …

Beware of Connect Credit Report and Score from Experian

Most real estate professionals want to be well-informed in all elements of the home purchasing process so they can do the best job serving potential homebuyers …

Why the FICO score desperately needs a makeover

It matters to you how much interest you pay when getting yourself a mortgage, but do you care how much your clients pay in interest cost when they’re buying a home? The truth is, as long they qualify for a loan, you probably don’t care …