Category Archives: First Time Homebuyers

FHA: Me and my Pal, Phil Faranda, are True Believers

I’m a true believer, always have been, always will be, in FHA Loans.

Your Credit Score is Less than 620 And You Want To Buy A Home

The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.

Speak to your Tax Professional NOW

Speaking to your tax professional twice more after filing your income taxes helps you manage your money more efficiently.

HOW TO BUY A HOME: NEGOTIATE!!!

Homeowners who want to sell their homes NEED YOU, The First Time Homebuyer, now more than ever!

NO CREDIT? Not a BAD Thing

In the absence of a credit score and established credit history on a credit report, alternative credit references are perfectly acceptable to help you obtain an FHA mortgage.

FIVE Steps To Making An Offer To Buy A Home

When you take these formal steps you are demonstrating to everyone involved in the transaction just how serious a Buyer you are. You will set yourself apart from “the crowd” when you follow my method.

How To Settle A Collection Account

Collection accounts need to be settled (paid) in order to qualify for mortgage financing.

Don’t Close those Credit Cards: Your Score could DROP

I have seen folks with fantastic credit have their credit scores drop dramatically because in the months before they met me for the mortgage prequalification they paid off and closed their credit card accounts

The MYTH of Credit Inquiries

Multiple mortgage inquiries do not affect a credit score.

Boston Triple-Deckers: A Suggestion

Buy your first home—a New England triple-decker—and use the FHA 203k Rehabilitation Loan to do so. Your purchase money and repair money can be had in a single, convenient, 30year Fixed Rate Loan.