This article was originally published by Molly Grace and Sarah Silbert at Business Insider on February 22, 2023. FHA mortgages have long provided first-time homebuyers and those with less-than-stellar credit an affordable way to achieve homeownership. But one of the main drawbacks of these mortgages has been that their mortgage insurance costs are relatively high. FHA mortgage borrowers […]
This article was originally published by Tai Christensen at Fairway Independent Mortgage Corporation on February 1, 2023. A mortgage industry veteran offers her take on how to increase black homeownership in the U.S. Understanding how to increase Black homeownership in the U.S. begins with having the proper framework. The Black homeownership rate in 2022 was
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This article was originally published by Rochelle at the Five Star Institute on January 25, 2023. TAI CHRISTENSEN, CHIEF DIVERSITY AND PUBLIC RELATIONS OFFICER AT ARRIVE HOME IS A MEMBER OF THE AMERICAN MORTGAGE DIVERSITY COUNCIL (AMDC) AND CURRENT CHAIR OF THE AMDC ADVISORY COUNCIL. SHE HAS BEEN AN AMDC MEMBER FOR OVER TWO YEARS AND SERVED
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Purchasing one’s dream house is more attainable than many people think. The endeavor of homeownership often becomes daunting because of the significant cash that is required upfront to pay for most mortgages. The problem for some is that socking away cash for a down payment while also paying rent can be tough. But, prospective borrowers
There are so many factors that go into buying a home, but the initial step begins with an honest evaluation of a borrower’s credit score. Why is it so crucial to start here? This is because this score is a key piece of data that lenders look at prior to making the decision to approve
It Takes Time and Effort to Build Credit Before Buying a House Read More »
This article was originally published at PROGRESS In Lending Association on December 13, 2022. TAI CHRISTENSEN Chief Diversity & Public Relations Officer Arrive Home Tai Christensen wants to close the real estate wealth gap that’s locking minority borrowers out of homeownership, and she won’t slow down until she’s made a difference. It’s a systemic problem
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Please click here to listen to The Chrisman Commentary Episode 12.6.22 featuring Arrive Home’s Tai Christensen.
Having challenging credit, including a lower credit score, imperfect payment history or negative credit events, does not exclude borrowers from being homeowners — a dream home is still attainable even if one’s credit score falls below the ideal number. Many prospective mortgage seekers are in this predicament. According to Forbes, roughly 15% of U.S. consumers
It’s Doable! How to buy a home, even with a challenging credit history Read More »