16 Jan 2020
By RESCO Realty

10 US Cities With Highest Mortgage Denial Rates

Mortgage, ,
For many, owning property is seen as a rite of passage. At the same time, for most people, accomplishing this dream is largely dependent on the approval of a mortgage. For this reason, it is important for people to think carefully when deciding who to ask for a mortgage. Some cities have a higher mortgage approval rate than others. Identifying Problems With A Mortgage Application Before applying for a mortgage, it is important to think about the most common reasons why someone might be rejected. First, if someone has a debt to income ratio that is too high, they are…
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03 Jan 2020
By RESCO Realty

The Advantages Of A Dual-Location Lifestyle

Real Estate, ,
Commuting for hours in traffic on a daily basis is a waste of resources, time, and money. It is stressful and bad for the environment. The infrastructure in many parts of the United States is falling apart. The roads and highways do not have sufficient capacity to handle the demands of the traffic load that continues to increase each year. Many busy professionals and families are turning to a solution of owning two homes for the convenience of enjoying dual-location living. What Is Dual-Location Living? The most common form of dual-location living is having a home and also owning a…
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20 Dec 2019
By RESCO Realty

How Are Mortgage Rates Determined?

Mortgage, ,
When someone is interested in buying a home, there are a number of factors that people need to consider. Some of these include the budget, the size of the home, and the mortgage interest rates.  The mortgage rate is going to play a tremendous role in whether or not someone is going to be able to afford their dream home. For this reason, it is critical for everyone to know how a mortgage rate is determined. There are a number of factors in someone's financial history that are going to impact the mortgage rate the lender offers. The Credit Score…
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