M&T Credit Services Process for buying a house

Whether you’re buying or selling a home, the experience can be both rewarding and stressful.

FHA Loan Requirements

• Credit score of at least 500.
• Debt-to-income ratio of 50% or less.
• 3.5% down payment if your credit score is 580 or higher.
• 10% down payment if your credit score is 500-579.
• The house must be your primary residence and must meet the FHA’s minimum property requirements.

The beauty of family

Generational wealth transfer is referred to those assets transferred down from one generation to another. When one leave behind a significant number of inheritance for his/her descendants, that will constitute generational wealth. These assets in question include the following: real estate, stock market, investments, a business, or anything else that has monetary value.  

Research has clearly shown that people who inherited generational wealth often have a significant financial advantage over those who do not have any inherited wealth. They will likely have the capacity to avoid student loans as well as other kinds of debt. 

The transfer of these generational wealth or assets to beneficiaries upon the death of the owner is done via financial planning methods. And these methods often include the following wills, estate planning, life insurance, or trusts in a tax efficient way. 

M&T is an innovative team of professional and credit certified individuals who work thoroughly and diligently to improve our clients’ credit scores and financial future.

Bad credit can be affecting you more than you know. M&T Credit Services, LLC has helped our satisfied clients repair their credit and qualify for home loan. With our highly professional and methodological approach, we cut through the numbers to help get you back on the road to good credit.

Call (559) 492-8563

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Website: https://www.mtcreditservices.com