It’s a good time to be in the mortgage business, with shockingly low interest rates, record home equity, and thriving – if not spectacular – real estate markets nationwide. However, we all know that these halcyon days won’t last forever.
In fact, with about 300,000 mortgage lenders (between banks, brokers, and LOs) in the U.S. all fighting for the same shrinking piece ...Continue Reading →
Ranking the most beautiful city in the U.S. for everything from school systems to gas prices, real estate to debt levels, and even credit scores.
If you live in San Diego, then you’re probably incredibly proud of your scenic SoCal city, and vacationers flock to experience its beautiful bay and temperate climate. But is life in San Diego really all sunshine, ...Continue Reading →
San Diego may have a sizable population (1.37 million people), but it’s now also a young city, with 25% of residents 25 years old or younger. With a median age of only 34.9 years, there are a whole lot of Millennials just trying to make their way in the working world, as well as Gen Xers starting families.
It seems harder than ...Continue Reading →
By now, you’re probably aware that credit scores range from about 300 to 850 (for FICO Scores), where your score sits on that spectrum, and even what’s typically considered a poor, good, or excellent score.
But what you might not realize is that the range of credit scores (and where you sit on it) isn’t as set in stone as you ...Continue Reading →
There are many different forms of credit scores, used by banks, lenders, and financial institutions every single day. But FICO, or the Fair Isaac Corporation, is one of the most popular for analyzing consumer credit data and using it to formulate a score that predicts credit risk.
FICO Scores are used in over 90% of all U.S. lending decisions, ...
I recently came across a report issued by FICO, the preeminent credit scoring agency in the world, entitled “Understanding FICO Scores: What you need to know about the most widely used credit scores.”
In order to further educate you about FICO and how you can keep a great credit score, today I’ll summarize some of ...Continue Reading →
If credit is a challenge for you because of a lack of established tradelines and accounts, a big help will be coming next year, thanks to FICO.
According to the nation’s preeminent credit reporting firm (of the Fair Isaac Corporation), U.S. consumers will benefit from a new and different kind of credit score that will particularly come ...Continue Reading →
Residents of Las Vegas and Nevada are known for many things, including hosting millions of tourists, gamblers, and vacationers every year to the ‘Vegas Strip. But Nevadans are now known for another, more auspicious, reason: mismanaging their finances.
Unfortunately, that’s the ugly truth we find by looking into the wallets of the average Las Vegas or Nevada consumer – a fact that’s backed ...Continue Reading →
If we had to characterize the Las Vegas metro housing market (encompassing both Las Vegas and Henderson, NV) in one over-simplified description, it would probably be that the market was moving like a speeding racecar and someone just tapped the brakes for the first time in a while.
But while the luxury side of the real estate market (and those who price listings ...Continue Reading →