When it comes to buying a home you generally need to have credit, cash, and income in order to support the mortgage payment. The lender needs to determine that your a worthy credit … [Read More...] about Can you buy a house with no credit?
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Today’s Latest Mortgage News
Conventional mortgages with less than a 620 credit score? Yep it’s real
The government just made a small change to residential mortgage loans opening the door for more families to secure conventional financing. Here is what you need to know if you're purchasing … [Read More...] about Conventional mortgages with less than a 620 credit score? Yep it’s real
How do determine whether not you have a property tax bill due
Property taxes are due twice a year in April and December. The county in which you purchased a home sends out these tax bills in accordance with the annual property taxes. If you're a … [Read More...] about How do determine whether not you have a property tax bill due
Why your student loan might cost you a house
For anyone who has ever borrowed money, one of the things that will follow you till the end is a student loan. Repayment terms on a student loan, specifically state that loan will get paid … [Read More...] about Why your student loan might cost you a house
Should you really worry about PMI when buying or refinancing a house?
One of the dreaded things of the housing and mortgage industry is an additional expense called private mortgage insurance that's added to your monthly mortgage payment. PMI should be avoided … [Read More...] about Should you really worry about PMI when buying or refinancing a house?
How to win in today’s competitive real estate market
It's no surprise that there's competition in the market right now. And it's particularly challenging to get your offer accepted to purchase a home. If you're preapproved, using financing to … [Read More...] about How to win in today’s competitive real estate market
How to increase your investment rate of return using mortgage financing
If you're looking to get a good return on your money, and you're looking at bank accounts, you might want to consider paying down your mortgage balance. Before you do, here are some things … [Read More...] about How to increase your investment rate of return using mortgage financing
How to get a mortgage if your 2020 tax return was low due to covid_19
As we are entering into pandemic manageability, one of the things lenders are still looking for as it pertains to self-employment borrowers is positive income from your tax return... Both … [Read More...] about How to get a mortgage if your 2020 tax return was low due to covid_19
Should you buy a house with a homeowners association?
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?
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
