FICO Learns What We Already Knew About Credit Scores

A man has his leg in a cast.

I have good news. Someone who has lots of power over you has decided to cut you a break. FICO, the largest and best known company calculating credit scores, is changing their scoring model. And many people will see their credit scores go up. Are you one of them? Will you benefit from FICO learning […]

What’s a Deal Breaker at a Home Inspection?

Danger warning.

Fourteen first home buyers. The home inspector who was our night’s guest speaker asked each of them what they most wanted to  learn from tonight’s walk-through. We heard lots of smart answers. We also heard the same phrase over and over. “Deal breaker.” Everyone wanted the inspector to tell them, “What’s a deal breaker at […]

4 Important Things To Know About Mortgage Interest Rates

Rising mortgage interest rates are making some first home buyers break into a cold sweat.

First home buyers have found comfort in record low interest rates over the past few years. How much lower could rates go than 3 or 3% percent? But with slowly rising rates, new home buyers are getting anxious. Don’t break out into a cold sweat yet. Rates are still very low. And there are only […]

Looking at Houses? What Should You Check Out First?

Do you want to buy a house near a pig farm?

Looking at houses is the most fun part of the home buying process. Of course in a process that includes getting your credit report and writing lots of checks, that’s faint praise. But house shopping is also overwhelming. How do make sure you’re picking the right one? Is it a good buy? And what should you […]

Dumb Home Buyer Choices That Make Me Wonder

An orangutan scratches his head.

For the past nine years, I’ve helped hundreds of home buyers make smart choices. It has been very gratifying. But I’ve also gotten to witness some really dumb choices as well. Sometimes home buyers have me scratching my head with wonder. Why do home buyers who spend three days reading reviews for coffee makers get […]