Mortgage Options for Marijuana Industry Employees and Owners

As of late March 2019, ten states and Washington D.C. had legalized recreational use of marijuana and 33 states legalized it medically. Employees of this rapidly growing industry benefit from fair wages, job security, and diverse opportunity but can have trouble securing marijuana industry home loans. Fortunately, the economic outlook …

How Cannabis Industry Employees Can Improve Their Credit Score

The cannabis industry is booming in the United States and beyond, and employees of this robust economy often benefit from job security and a steady income. If you’re part of the cannabis industry and you’re interested in becoming a homeowner, you may be on the search for ways to improve …

Why Lenders Won’t Allow Undeposited Cash to be Used as a Down Payment

The cannabis industry is a lucrative business, and it’s quickly growing throughout the United States. In areas like Colorado where recreational marijuana has been legal for years, many cannabis dispensary owners and employees are thriving. According to CNBC, Colorado’s recreational marijuana sales topped $1.55 billion in 2018, and this booming …

Factors Mortgage Lenders Consider – SmartAsset

Things have tightened up in the housing market since the housing crisis and lenders are looking at mortgage applications more closely. Lenders consider many factors before deciding whether to approve applicants. Once you know what they’re looking for, you can boost your chances of getting approved. Check out five factors …

What exactly happens when a mortgage lender checks my credit? – CFPB

What exactly happens when a mortgage lender checks my credit?   Answer:   The credit check is reported to the credit reporting agencies as an “inquiry.”   Inquiries tell other creditors that you are thinking of taking on new debt. An inquiry typically has a small, but negative, impact on …