Getting a mortgage in 2018 there is a bureaucratic and compliant process with a significant amount of paperwork involved. Following is some tips on various loan programs available in the marketplace you may not know… Conventional mortgages they will go up to a debt to income ratio of 50%. Here is the kicker if your…
6 people whose mortgage and housing advice ought to be taken with a grain of salt Buying a home or refinancing a mortgage is incredibly important financial decision that requires careful planning and good timing. Fact of the matter is everyone has their opinion about what you you should and should not do. Here is…
If you’re purchasing a house whether it’s a primary home move up home or secondary home and the house needs work, don’t shy away from that. Here’s what you might want to think about when buying a house that needs some TLC… How bad really are the repairs? Just because you are pre-approved to purchase…
If you’re purchasing or refinancing a house with less than 20% Equity. You’re going to be subject to having PMI. Here’s what you need to know regarding private mortgage insurance with regards to financing your house… When you have less than 20% equity on your house the mortgage company is going to require you to…
It’s no surprise the housing market has tight inventory and mortgage rates are on the rise. As the overall market continues to contract banks are coming up with innovative ways to elicit business. The following tricks are ethically questionable… The first trick banks use is associated with credit reporting. Mortgage companies must pull a copy…
Working with an internet lender may or may not be in your best interests. Whoever you hire to help you with mortgage loan financing should be well-versed and experienced in mortgage financing. Here are 3 things you will never hear from an internet only lender…. If you don’t fit our programs, you probably will not…
Looking to buy a primary home or maybe a move up home, but don’t have any cash? Following are some programs they could be available to you to help you purchase a house… VA financing… if you are a military veteran you can purchase a house with no money down using a VA loan. The…
To purchase a rental property the consensus down payment needed 20%. However, the requirement to purchase a rental property is much lower than you think. Here’s what you need to know if you’re buying a rental property…. To purchase a property for rental income purposes 15% down is the requirement. If you’re purchasing a rental…