Buying a home whether it be your first home or even a second home should be done with prudence and care. You should be … [Read More...]
Tips & Advice
Here is something most married folks do not realize when applying for an FHA Loan
Today's world of mortgages is made up by two sorts of loans government backed loans and government insured loans. … [Read More...]
Today’s Latest
How to pick the right mortgage loan program for your situation
With the proliferation of new home buying programs being introduced into the market consumers today have more choices for securing financing than ever before. Here is how to pick what … [Read More...]
What kind of home buyer are you?
Buying a home whether it be your first home or even a second home should be done with prudence and care. You should be looking at homes that you have a shot of getting. Here's why... In … [Read More...]
Here is something most married folks do not realize when applying for an FHA Loan
Today's world of mortgages is made up by two sorts of loans government backed loans and government insured loans. Government insured loans are hugely popular. The FHA Loan is the benchmark … [Read More...]
Why a car lease can harm your mortgage possibilities
Unlike an auto loan, a lease is a short debt that contain a future pay off. Here is why a lease can hurt your chances of getting a mortgage... Lenders look at the minimum monthly … [Read More...]
How to get a mortgage with a credit score under 620
Here is what most banks and mortgage companies will not tell you. If you have a bad credit score they don't want your business. It's the truth. Every financial institution wants borrowers … [Read More...]
When is the right time to buy a home?
The right time to purchase a home is different for every consumer. Following are some reason why you may want to pull the trigger sooner rather than later. In most areas throughout the … [Read More...]
How Fannie Mae’s debt to income change may help you get a mortgage
Fannie Mae recently announced changes to its debt-to-income ratio policy, increasing its allowance from 45% to 50% starting on July 29th. Here is what that's going to mean for mortgage … [Read More...]
Will a low down loan help you buy a home?
Low down-payment loans have been around much longer than most people realize. 2008 was the re-emergence of the FHA, only requiring 3.5% down. Today loans backed by the government requiring … [Read More...]
Is the end near for Dodd Frank?
Dodd Frank is the financial overhaul that took place a couple of years ago in the aftermath of the financial crisis. The House of Representatives on Thursday, June 18, are advancing a bill … [Read More...]
Why this factor will not matter when refinancing
If it has been a few years since you took out a mortgage loan, be prepared for questions, and to thoroughly document everything. A critical characteristic of good character is payment … [Read More...]
How to buy a home when you have one to sell first
Purchasing a home can be tricky if you have a home to sell first. For many, the opportunity to purchase a new home can only come from the sale of the home they currently own. Here are some … [Read More...]
Tax return losses may hurt your mortgage chances
Qualifying for a mortgage involves: an acceptable credit score, sufficient assets and stable income. These are to show you can support a mortgage payment, plus other liabilities. You must … [Read More...]
How to remove private mortgage insurance
There is too much information circling around the internet, about how to remove mortgage insurance from your monthly mortgage payment. Unfortunately, it is not as simple as having 20% home … [Read More...]
Here is the lowest credit score you need to get a mortgage
Contrary to what you may hear or read, your credit does not have to be stellar to get a mortgage. Most banks and lenders require at least a 640 credit score. However, not all lenders are … [Read More...]
Why an FHA loan may be a suitable choice
FHA loans have gotten a bad rap in the last few years. Here is the Granddaddy Truth about FHA loans, you should really consider if you are looking for mortgage options! FHA loans are … [Read More...]
