When interest rates are at an all-time high, homebuyers face the challenge of securing a mortgage with higher borrowing costs. However, there are several tactics and strategies that can help mitigate the impact of high interest rates.  Check these out to see which one might fit your situation: Improve Your Credit Score: A higher credit…

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Your credit score is a crucial financial indicator that affects your ability to secure loans, credit cards, and even rent an apartment. Lenders and creditors use this score to evaluate your creditworthiness. To maintain a healthy financial profile, it’s essential to understand the five key factors that influence your credit score and how they can…

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When you’re preparing to buy a home, several financial factors come into play, one of which is your credit utilization ratio. While you may be familiar with the importance of your credit score, understanding and managing your credit utilization ratio is equally vital. In this blog, we’ll explore what credit utilization is, why it matters…

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Hey, savvy future homeowners! Is your credit score feeling a bit under the weather? No worries!  South Park Mortgage, LLP is here to guide you through the magical journey of rebuilding your credit score so you can finally make that dream home yours. Let’s dive into some simple steps that’ll make you a credit score…

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How an FHA manufactured home loan works An FHA manufactured home loan is a mortgage insured by the Federal Housing Administration (FHA) to purchase homes built in a factory. Although you may hear about FHA loans to buy mobile homes, the term “mobile home” was often used when referring to homes built prior to June…

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