Breaking Up? Here’s What You Need to Know About Your Mortgage Divorce is never easy, and when real estate is involved, things can get even more complicated. One of the biggest questions that comes up is: Can you assume your current mortgage instead of refinancing? The answer depends on the type of loan you have.…
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The U.S. housing market has been grappling with a significant inventory shortage, with an estimated deficit of 3.7 million homes. This scarcity has intensified competition among buyers, leading to bidding wars and elevated home prices. In this context, a reduction in mortgage interest rates can have profound effects on the market dynamics, particularly concerning home…
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When qualifying for a home loan, one challenge many borrowers face is presenting irregular or fluctuating income in a way that accurately reflects their long-term earning potential. Both Fannie Mae and Freddie Mac provide guidelines that allow mortgage lenders to use an averaged income approach to assess a borrower’s ability to repay a mortgage. This…
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If you’re a military veteran looking to purchase or refinance a home using a VA loan, there are several lesser-known benefits and rules that can make the process easier. Many mortgage lenders are unaware of these details, so it’s essential to educate yourself to maximize the advantages of your VA loan. Here are some key…
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’ve done everything right. You sent your documents to the lender, got preapproved, and now you’re actively house hunting. Maybe it’s been a few weeks since you got your initial FHA preapproval. You’ve seen some homes, made a few offers, but nothing has gone into contract yet. Then, you hear the question: Should I switch…
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How Alimony Can Boost Your Home Buying Power If you pay alimony and thought it would hurt your ability to buy a home, I’ve got good news for you. Fannie Mae and Freddie Mac have updated their conventional loan guidelines, and they now treat alimony as a reduction to income rather than a debt. This…
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Divorce is already stressful, and when a mortgage is involved, things can get even trickier. If you and your spouse purchased a home together and now need to figure out what happens next, there are a few key things you should know—especially if you have a conventional loan. Let’s break it down step by step.…
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How to Buy a Home in 2025 Without a Down Payment Purchasing a home can feel overwhelming, especially when you think about saving for a down payment. However, in 2025, there are multiple programs available that can help you buy a house with little to no upfront costs. Whether you’re a first-time homebuyer or someone…
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