Blog

Guarding Against Identity Theft

Guarding Against Identity Theft  For those of you that are freaked out about the possible dangers from the Equifax breach, please keep reading! A fraud alert allows creditors to get a copy of your credit report as long as they take steps to verify your identity. For example, if you give the bureaus a phone number,…

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The Truth Behind Down Payments

Homeownership might be the most important goal for millennials, according to a recent report by NerdWallet, however, there is some misunderstanding as to how difficult of an obstacle securing a down payment truly is. NerdWallet commissioned an online survey of more than 2,000 U.S. adults conducted by Harris Poll to discover how Americans understand down…

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Pre-Qualification credit pulls & your FICO score

How much will inquiries really affect your FICO score? by Dave Hershman18 Jul 2017 I am confused about how inquiries will affect a FICO score, especially when someone is shopping with multiple lenders for a home loan. Some say there is no real effect. Others say it can have a negative effect. Can you set the…

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It Suddenly May Be Easier To Get A Mortgage!

Two major changes in the mortgage market go into effect this month, and both could help millions more borrowers qualify for a home loan. First, the nation’s three major credit rating agencies Equifax, TransUnion and Experian will drop tax liens and civil judgments from some consumers’ profiles if the information isn’t complete. Specifically, the data…

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The TRUTH about Credit Inquiries & Your FICO Score

How much will inquiries really affect your FICO score?  I am confused about how inquiries will affect a FICO score, especially when someone is shopping with multiple lenders for a home loan. Some say there is no real effect. Others say it can have a negative effect. Can you set the record straight? -Donnie from Nebraska …

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GSE Low Down Payment Mortgage Program Adjusts Area Median Income

Area median incomes (AMIs) for Fannie Mae and Freddie Mac’s low down-payment mortgage programs have changed recently, and that’s a good thing, according to United Wholesale Mortgage President and CEO Mat Ishbia. Fannie’s HomeReady and Freddie’s Home Possible offer low down payment mortgages for low- to moderate-income borrowers. AMIs establish income eligibility standards for those…

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Easily Raise Your Credit Score

Have a low credit score and wish you could find a way to boost it up a little? Did you know you as an established credit card customer you can simply call your credit card companies and ask for a credit limit increase on your accounts?? That’s right! A simple increase in limit on your…

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Finally…Some Good News!

The country’s largest source of mortgage money, Fannie Mae, now plans to ease its debt-to-income (DTI) requirements, possibly opening the door to home-purchase mortgages for a large number of new home-buyers. Fannie recently stated that they will be raising their DTI ceiling from the current 45% to 50% as of July 29! As usual, of…

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Low Cost USDA Home Loans

Are you’re tired of the hubbub of urban life and yearn to move a little more into a country setting where it’s a tad more serene? You don’t really need much money to do it you know. In case you aren’t aware, there’s a thing called a USDA Approved mortgage loan that  finances up to…

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Your Monthly Rental Expense Can Buy You a Home!

 Recent surveys have shown that the number of owner occupied households grew faster than renter households in the first quarter of 2016 (850K owner vs 365K renter). New research also revealed that, because of rising rents (avg. median rental now $1416 nationally), many renters don’t realize that they could actually own their own home for the same…

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Global Unity Mortgage
Broker NMLS #65392, MLO NMLS #114499, CT. LIC.#19449
"Mortgage Broker Only, not a Mortgage Lender or Correspondent Lender"

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Global Unity Mortgage
71-1 Wilson Lane
Vernon, CT 06066

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(860) 872-9479

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