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The five categories that determine your credit score
“I want to buy a house, but my credit score is AWFUL.” Is this something you say? Managing and improving your credit score can be daunting, but the homeownership experts at INHP can help. How do credit scores work? If you’ve ever used a credit card or gotten a loan for a car, you have…
Read MoreHow mortgage lenders view co-signed student loans
If your kids are college-bound, you may want to think before co-signing on their student loans, especially if you’re considering moving. When you co-sign a student loan with your child, you may be impacting your ability to qualify for a home loan. Here’s how mortgage lenders view a co-signed student loan: A mortgage lender may…
Read MoreTwo ways mortgage lenders view student loan debt
Are you paying off student loans and looking to buy a home? Here are the two ways mortgage lenders view student loan debt repayment and how each impact how much you can afford: Income based repayment: Income based repayment (IBR) is calculated based on your income and family size. It could be calculated to as…
Read MoreStart saving: Four budgeting tips from an INHP homeownership advisor
Need help saving money to buy a home? At INHP, you have the opportunity to work with a certified homeownership advisor to help you prepare your finances, improve your credit score and save for a down payment. Here are four tips Connie, an experienced INHP advisor, recommends her clients keep in mind when saving money:…
Read MoreTake advantage of down payment assistance this homebuying season
It’s homebuying season! If you’re thinking about buying a home this spring, you might have questions about how much money you need for a monthly payment, what’s included in a monthly payment or how much money you need for a down payment. In this Indy Style segment on WISH-TV, Trevor Meeks, trusted expert and VP…
Read MoreFixed rate and adjustable rate mortgages: Find out which is right for you
You’ve qualified for a home loan and now it’s time to select a mortgage. All mortgage payments include principal and interest as a part of the payment – interest is the cost you’ll incur to borrow money from a lender. You have the option of choosing between a fixed rate or an adjustable rate mortgage…
Read MorePay off your home faster with INHP’s unique Mortgage Accelerator program
Would you like to pay your home off faster and pay less interest over time? When you purchase a home using INHP’s Home Value Guaranty, Rehab Match® or Anchor Housing programs you can pay off your home in as few as 20 years. Check out this example of a home with a purchase price of $100,000…
Read MoreSee how student loan debt affects your ability to qualify for a mortgage
Owning a home is possible with student loan debt. Before you apply for a home loan, INHP encourages you to understand how a mortgage lender might determine your monthly student loan payment and how that calculation may impact your long-term homeownership success. Click here to download INHP’s student loan debt brochure, where will learn about:…
Read MoreTop five frequently asked questions about working with INHP
Why does INHP need my credit score and financial information? Reviewing your credit profile, sources of income and other financial information allows the INHP team to put you on the path to success. Like a GPS navigator, they’ll look at your starting point and decide the smartest route for you to achieve your end point…
Read MoreSix ways you can prep your home for winter
Ready or not, cold weather is right around the corner. Getting out your hats, gloves and the rest of your winter wardrobe? Make sure your home is prepared for the cold, too. Here are some easy ways you can prep your home for the winter weather to come. Trim the trees and bushes around your…
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