We are still in an environment that requires us to get support ability to repay. The harder approach, generally, is the approach that’s going to make the most sense between taking you … [Read More…]
Blog
Why its a real estate problem, not a mortgage problem
If you’re trying to buy a home, you’re preapproved, and you’ve been making offers but you keep losing out because you have multiple offers, here are some things you need to consider. … [Read More…]
Can you buy a house with no credit?
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 … [Read More…]
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 or … [Read More…]
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 … [Read More…]
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 … [Read More…]
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 by whatever … [Read More…]
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 buy a … [Read More…]
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 … [Read More…]
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 Fannie Mae … [Read More…]
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 sewer, water, and various other things. A … [Read More…]
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 … [Read More…]
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 … [Read More…]
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 … [Read More…]
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 unprecedented, to … [Read More…]
