Divorce & Mortgage Tammie VanDeusen Mortgage Loan Officer

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Acceptable Mortgage Down Payment Sources

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If you’re thinking, “I want to   buy a home ,” there are some important things to be aware of—especially if you’re a  first-time home buyer . One important factor to consider is the down payment. Whether you’ve saved up for a down payment or are trying to gather allowable funds, it can be a challenge. However, there are ways to overcome this challenge without jeopardizing your financial future. Let’s take a look at a few common ways to help satisfy the down payment requirement for your new home. The Type of Loan You Choose When many people think of down payments, they think of the traditional 20% down payment. But this isn’t always true .  For starters, if you are a veteran or active military member, you may qualify for a  VA loan . VA loans require zero down payment. Also, if you qualify for an  FHA loan , down payments can be as little as 3.5%. In addition, conventional loans may require as low as 3% down payment to qualified borrowers. However, since they are...
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Using Your Tax Refund? Avoid This Credit Score Mistake - Paying Off Debt Can Lower Your Credit Score

  Using your tax refund to pay off debt might seem like the smartest move—but it can actually hurt your credit score if you’re not careful. In this tip, I explain how paying off debt the wrong way can lower your credit score and impact your ability to buy a home. If you’re planning to purchase a house or improve your credit, understanding how different types of debt affect your score is key. You’ll learn: • When paying off debt helps your credit score • How closing accounts can negatively impact your credit These simple insights can make a big difference when it comes to qualifying for a mortgage and getting better loan options. If you’re thinking about buying a home or want guidance on your next steps, connect with me to get personalized advice. Like and follow for more practical tips on home buying, credit, and smart financial decisions. Tammie VanDeusen Your lender from your first house to your last. From the mountains to the mesas. (719) 310-3438
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Number of Homes on Market Drops Again to Another New Low

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  Number of Homes on Market Drops Again to Another New Low Back in December, the number of homes on the market  fell  to a new low. Unfortunately, things only got worse in January. According to a new report from realtor.com, the number of homes for sale in January fell to below 600,000 for the first time since the real estate website began tracking the data in 2012. The report showed that the number of active listings in January was down 42.6% from last year, meaning there were more than 440,000 additional homes on the market in January 2020. As realtor.com notes, the decline is the result of fewer homeowners listing their homes for sale and the available inventory selling fast. According to the report, there were 23.2% fewer homes listed for sale in January 2021 than they were in the same month in 2020. Overall housing inventory in the nation’s 50 largest metro areas was down 41.8% in January compared to the previous year. Combine that with the fact that the typical home...
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