Home Loan Resources


Showing posts with label home purchase help. Show all posts

Should I Buy a Home During the Holidays?

Find out why November and December are the best times to buy or sell a home.

The holidays are around the corner which might mean equal parts joy and stress are added to your plate. For many people, November and December seem like the worst time to think of buying or selling a home. In this 2-part series, we're going to discuss the positive reasons why now is the perfect time to buy or sell a home and how to make the most out of this "wonderful" time of year.

Part I: Buying a Home During the Holidays

Whether you have thinking about purchasing a home for a while or you're finally thinking of jumping off the fence and taking the plunge into home ownership, we're here to tell you that now might be the best time to be in the market. As we have mentioned in other posts, we strongly advocate that you spend some time deciding the features that matter most, work with a qualified real estate agent and get pre-qualified (or Mortgage Assured) with a reputable lender.


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Spotlight on the Chesterfield Office

mortgage, refinance, chesterfield, midwest, equity

The Midwest Equity Mortgage, LLC - Chesterfield office serves the surrounding counties as well as other areas across the state of Missouri. We are available for appointments in office, over the telephone, or in your home or place of business.

Scott Carpenter, Branch Manager
chesterfield, mortgage, refinance, midwest, equity

Scott graduated from Hannibal-LaGrange University in Hannibal Missouri in 1994, where he was a student athlete and played on the basketball team.  After graduating with a BS degree in Business, he pursued a career in consumer finance, and in 1997 transitioned his career into Mortgage Banking.  Scott has been a leader in the St. Louis mortgage industry for over seventeen years. He and his wife Nicole have one son: Haden, and reside in Wildwood, MO.

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How is a Credit Bureau Score Calculated?

midwest, equity, mortgage

Whether you are looking to open a credit card, finance a car or buy a home...you've probably noticed that your credit score is important. A credit score is essentially used to assess how likely it is that a borrower will repay a loan. The score measures the relative degree of risk that a potential person represents to a lender or investor and is based on several areas of information (however, because of several laws against discrimination - it is not based on gender, race age or zip code.)

Credit Bureaus & Score Range
Fair, Isaac Credit Bureau scores range between 300 to 850 points - the higher the score, the less risk associated with the borrower. Below are the three national credit data repositories that contribute to your score:

  • Equifax - 800-685-1111
  • Trans Union - 800-888-4213
  • Experian - 800-397-3742

Each of these bureaus may offer you a slightly different credit score depending on the data within their own credit profile. Keep in mind that a score is based on all credit-related data - not just negative data.


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