Many loan applicants are under the false impression that multiple credit inquiries during the home loan application process can lower their credit score. However, the three major credit bureaus - Experian, TransUnion, and Equifax, assert that a borrower's score remains unaffected when a mortgage lender inquires about their credit more than once within a fortnight. Credit checks for mortgage loans are less influential on the overall credit score compared to credit card applications. The type of inquiry, soft or hard, also plays a significant role. Consulting with a Mortgage Advisor is advised for understanding individual financial needs and circumstances. ...

Amid the anticipation of the November 3rd election and the unique challenges of the year, many potential investors exhibit understandable apprehension. However, historical data suggests this trepidation during election years is often short-lived and the influence of election results on the housing market may be overestimated. Our current real estate landscape, characterized by low interest rates and a seller's market, presents a unique opportunity for those considering investing in a second home or investment property. At CrossCountry Mortgage, we offer a unique solution, RateSafe, that guarantees your interest rate for 90 days, providing a sense of security as you navigate the market during the election season. Reach out to us today to explore your options and capitalize on historically low rates. ...

The mellow caress of fall is finally upon us, igniting a flurry of excitement. CrossCountry Mortgage is delighted to announce the return of our annual Pumpkin Decorating Contest. We've gathered a host of decoration ideas to spark your creativity and kickstart your festive spirit. From classic carving to alternative no-carve options, there's a pumpkin design for everyone. While pumpkins can be scary, securing a mortgage needn't be! ...

Embark on the milestone journey of home buying with ease and confidence with CrossCountry Mortgage. This guide elucidates the comprehensive home loan timeline, allowing you to understand and navigate the process effectively. From securing an upfront approval to signing your final loan documents, every step is clearly outlined, including expected timelines. Remember, our Mortgage Advisors are just a connection away for any questions you might have about your specific mortgage timeline. Simplify your home-buying journey with CrossCountry Mortgage. ...

Debt, while often regarded as overwhelming, can be beneficial - especially when it comes to mortgages. In this article, we break down the different types of debt, and explain why mortgages are considered "beneficial debts". We shed light on why taking out a mortgage could be an investment that appreciates over time, as opposed to detrimental debt that depreciates your wealth. Moreover, we provide tips to manage your debt while enhancing your credit profile. Consult with a Mortgage Advisor at CrossCountry Mortgage today to understand how a home loan could help create long-term wealth. ...

The year 2020 has been marked by unexpected shifts, with the housing market being a primary example. This article compares the dynamics of the housing market in 2019 and 2020, shedding light on the prevailing trends and changes. The impact of factors such as the COVID-19 pandemic, fluctuating unemployment rates, and interest rates are considered. We delve into the top housing markets for both years and evaluate how the attractiveness of these markets has evolved over time. Whether you are a prospective homebuyer or an industry enthusiast, this analysis provides valuable insights into the current housing market. ...