Credit Esential

Credit Esential

Buying a home comes with a lot of questions—and that’s exactly why the beycome Buyer FAQ exists. It’s not just a list of answers. It’s...

Can I Buy a Home Again After Bankruptcy?

Filing for bankruptcy is a way to erase certain types of debt and stop creditors from harassing you....

2 min Aug 3, 2020

Who Pays the Closing Costs on a Home?

The buyer typically pays for any fees relating to their mortgage loan. The seller typically pays the agent’s commission and various fees relating to the transfer...

2 min Jul 27, 2020

How Much does Closing Typically Cost? 

Closing costs are an essential part of any real estate transaction, and they can vary significantly depending on...

4 min Jul 27, 2020

What is a closing?

What is a Closing in Real Estate: Understanding the Final Step in the Home Buying Process Closing is...

2 min Jul 27, 2020

Why Do FICO Scores Decrease?

A FICO score depends on five main factors: payment history, amounts owed, length of credit history, new credit,...

3 min Jul 22, 2020

What is a Vantage Score?

A VantageScore is one of the two main credit scoring models that banks and lenders use to evaluate...

2 min Jul 22, 2020

What Credit Score Do You Need to Buy a House? (2026 Minimums by Loan Type)

There’s no single “magic number” credit score to buy a house — the real minimum depends on the...

6 min Jul 22, 2020

How Do I Get a Copy of My Credit Report?

Why you should check your credit every year Checking your credit report and credit score each year helps...

2 min Jul 19, 2020

How Can I Better My FICO Score?

A FICO score is a type of credit used to assess the “risk” of lending to someone. A...

2 min Jul 17, 2020

What is a Good Credit Score?

A good credit score is what each of us aspires to. After all, a credit score is one...

8 min Jul 17, 2020

How Can I Build My Credit?

What is a credit score A credit score comes from an algorithm that analyzes the information in your...

3 min Jul 17, 2020

Can I Correct a Mistake in My Credit Report?

Before you pursue financing on a new house, it’s vital to check your credit report for any mistakes...

2 min Jul 17, 2020

Who Qualifies for an FHA Loan? Requirements, Limits & How to Apply

FHA loans are the single most accessible mortgage product in the United States. They’re designed for buyers who...

6 min Jul 17, 2020

What is the Size of Down Payment For FHA Loans?

Federal Housing Administration loans, often called FHA loans, offer strong advantages for new and first-time homebuyers. Many buyers...

2 min Jul 17, 2020

What Are Seller Concessions? How to Negotiate Thousands Off Your Closing Costs

Seller concessions are one of the most under-used negotiating tools in home buying. When used right, they can...

6 min Jul 17, 2020

How Does the FHA Help Buyers Purchase Homes?

What is an FHA loan Many families believe that low to moderate income or a less-than-perfect credit score...

3 min Jul 17, 2020

What Is PMI (Private Mortgage Insurance)? Cost, Rules & How to Avoid It

Private mortgage insurance — PMI for short — is the extra fee lenders tack on when you put...

6 min Jul 6, 2020

What is a Good Faith Estimate?

Within just three days of applying for a loan, you will get a document called a Good Faith...

2 min Jul 6, 2020

What Information Do I Need to Apply For a Mortgage?

Once you feel financially prepared to take on a home mortgage, you are responsible for applying with a...

2 min Jul 6, 2020