Homeowners’ associations are legal governing bodies that determine the Aesthetics of the property, uniformity, and oftentimes cover things like maintenance of the property, garbage sometimes … [Read More...] about Should you buy a house with a homeowners association?
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Today’s Latest Mortgage News
How to get a first time home buyer program
Buying your first home requires careful consideration of your cash, credit, and income. A first-time homebuyer is anyone who has not owned a house or any real estate in the last 2 years. … [Read More...] about How to get a first time home buyer program
Should you improve your credit or buy a house now?
One of the challenges to purchasing a home is your credit score. Everyone knows in order to obtain the best financing available you need to have good credit or even better great credit. But … [Read More...] about Should you improve your credit or buy a house now?
How your profit and loss statement may affect your mortgage application
If you're self-employed you need to know that lenders are going to ask for a profit and loss statement year to date. Here's what it is and why it's needed if you're self-employed and you're … [Read More...] about How your profit and loss statement may affect your mortgage application
How Covid_19 completely changed mortgage rates
It is no surprise Covid has influenced mortgage interest rates in the last 12 months. The coronavirus and its effect on the economy in particular the financial markets have been … [Read More...] about How Covid_19 completely changed mortgage rates
Your choices if you’re self employed and you don’t show enough income for a mortgage
Mortgage companies use your net income from your tax returns to qualify you. The excuse my accountant won't let me do that, or I have to pay more taxes is incongruent with mortgage loans. … [Read More...] about Your choices if you’re self employed and you don’t show enough income for a mortgage
Why purchase price should secondary to this one thing when buying a home
Here is the number one thing you need to be concerned about when buying a house and it's not the purchase price... For people buying a house, the prospect of the market being … [Read More...] about Why purchase price should secondary to this one thing when buying a home
What to know about your self employed tax return when it comes to getting a mortgage
When it comes to getting a mortgage and being self-employed you can still get financing as long as you show income, that's the moral of the story. That being said let's say you're doing … [Read More...] about What to know about your self employed tax return when it comes to getting a mortgage
Why most financial experts get mortgages wrong
There's so much financial misinformation online it's inundating. Here are some things the experts say as it relates to housing and mortgages for you to consider when trying to get … [Read More...] about Why most financial experts get mortgages wrong
Borrowing a down payment to buy a home? Watch our for these two retirement accounts
One of the best things you can do to proactively position you and your family to buy a home is to borrow money from your 401K after all, it's your money. If you're thinking about pulling … [Read More...] about Borrowing a down payment to buy a home? Watch our for these two retirement accounts
Looking to buy a house the summer? You’ll need a down payment
As interest rates still remain low many people who have been on the sidelines about buying a house are now coming out of the woodwork. Maybe they're buying a first home or a move-up home but … [Read More...] about Looking to buy a house the summer? You’ll need a down payment
Why not paying your self employed tax debt may cost you a mortgage
When you're self-employed and you're looking to get a mortgage it's super important that not only you file the right amount of income, but you also pay whatever debt is associated with the … [Read More...] about Why not paying your self employed tax debt may cost you a mortgage
Should you buy a house or keep saving? The answer might surprise you
In order to buy a house successfully unless you're a military veteran using VA financing you absolutely need a down payment. Down payment assistance programs, no money down programs that do … [Read More...] about Should you buy a house or keep saving? The answer might surprise you
Can you get a mortgage with a brand new job or a recent raise?
One of the most important things consumers have to deal with when securing mortgage loan financing besides having a good credit score and a good down payment is having income to actually … [Read More...] about Can you get a mortgage with a brand new job or a recent raise?
What’s happening with home appraisals
When you go to purchase or refinance a home you need to get an appraisal. More often than not you usually will be based on the type of transaction that you're doing. Here is the reality of … [Read More...] about What’s happening with home appraisals
