• Wappingers Office
    (845) 297 4700
    (845) 297 8178
  • Lagrange Office
    (845) 485 2700
    (845) 485 2703
  • New Paltz Office
    (845) 255 6163
    (845) 255 6757
  • Commercial Real Estate Division
    (845) 297 4700
    (845) 567 8333

Home Mortgage Financing

Is The Credit Score You Purchased Online Useless?

Are you under the impression that the credit scores you purchase online from Equifax, TransUnion or Experian are what lenders use to approve and price a home loan?

Then you might be in for a surprise.  Yes, you can buy a score online, but it is not one of the FICO mortgage scores that mortgage lenders use. The actual scores used by lenders can be higher or lower by as many as 75 points or more.

The selling of useless credit scores has become such a big business that the Consumer Financial Protection Bureau (CFPB) is trying to stop the practice.

Mortgage and Title

At CENTURY 21 Alliance Realty Group we're devoted to making your real estate transaction go smoothly.  That's why we offer you the convenience of One-Stop Shopping! 

Did You Know? How Low Mortgage Payments Can Be

Mortgage interest rates are amazingly low right now.  If you are thinking about purchasing your first home, or considering selling and buying something different . . . well, now might be the BEST time to make your move.  The cost of a mortgage is about as affordable as it gets. 

The chart here shows what your monthly principal and interest payment would be for various mortgage amounts.  Did you realize how much of an impact the interest rate has on monthly mortgage payments?  As a result of the lower payments, buyers are able to purchase 'more' home for the money.

Not only are the monthly payments low, but the long term financial impact is also stunning.