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 refinancing a house and your credit score needs some love. I’ve been told recently the only residential mortgage loan that was available to…
Property taxes are due twice a year in April and December. The county in which you purchased a home sends out these tax bills by the annual property taxes. If you’re a homeowner here’s what you need to know and how property tax bills relate to them being due. There are a few different categories…
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 the loan will get paid in full. You can’t short the debt, you can’t bankrupt the debt, and it will follow you until the…
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 means necessary. However, perception is everything so let’s talk about and break down what PMI is and whether is it as bad as…
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 house and you’re having a tough time getting your offer accepted, here are a few things you can do to spruce your offer…
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 you should consider… Most bank accounts generate paltry rates of return. Those returns are not getting you any interest on your…
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 and Freddie Mac and the FHA and the VA all want two years of tax returns. Lenders also these days request a year-to-date…
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 Homeowner’s association is a legal entity what that means is that they can enforce the rules and the regulations of the association. What…