3538 Mirada Lane Brea Real Estate
Mortgage Watch | January 2017

BALLESTEROS TEAM’S WEEKLY MORTGAGE WATCH (JANUARY 8TH, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES: The New Year began with some relief for mortgage shoppers, as mortgage rates slipped downward, even with positive economic news. A retraction, after a sharp increase, is not terribly uncommon, especially when the upward movement appears to have been based more on emotional elements than technical ones. Of course, the economy…

3538 Mirada Lane Brea Real Estate
WHAT CREDIT SCORE IS NEEDED TO BUY A HOUSE?

Credit scores and how they impact real estate transactions. Let’s just say, it’s probably lower than you think. According to Ellie Mae’s Origination Report from September 2016, a significant portion of homebuyers had scores below 750. Fact is, you don’t have to have perfect credit to qualify these days. Many potential homebuyers believe that they need a score over 780 to qualify, and yet about 80% of buyers…