Entries by Steve Furlong

Build or Repair Your Credit

If your credit score is holding you back from becoming a home owner, it is likely holding you back from other things as well. Credit scores are used for insurance, employment, cell phone accounts and a wide variety of things. Having good credit will not only allow you to purchase a home, it will also […]

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MN Mortgage Approval Types and Process: An Overview

Introduction When applying for a mortgage in MN, there are a number of approval processes that prospective borrowers should be aware of. It is essential that future borrowers understand the information/documentation required for each mortgage approval process in addition to the level of scrutiny that will be applied with each approval process. We will discuss […]

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Remodeling financing

Several options are available for construction financing. The first option is a new first mortgage intended for rehabilitation finance – the programs are called HomeStyle and 203k, are offered by Fannie Mae and FHA, respectively, and allow up to 97% of the as-completed value of your home in total financing. The benefits to these programs […]

Unfreezing Your Credit Report

Frozen credit should be “unfrozen” before you submit a loan application. This can be done easily online: Experian: https://www.experian.com/freeze/center.html Equifax: https://www.equifax.com/personal/credit-report-services/credit-freeze/ Transunion: https://www.transunion.com/credit-freeze   or by calling the three credit repositories here: Experian: 888-397-3742 Equifax: 888-298-0045 Transunion: 888-909-8872