If you have the need to borrow money, but you don’t want to tap your assets cash out refinancing your home could be a good move. Here’s what to consider when determining what option for cash out refinance your home makes the most financial sense… Generally, when expense such as needing a new roof, or…
Like it or not when you apply for a mortgage you’re going to go through financial scrutiny. How well your financial picture is in order will determine an easy, slow or difficult process. Here’s what you need to know when your file is reviewed… Mortgage underwriting in today’s environment is a very bureaucratic process. The…
When it comes time to purchase or refinance a home lenders are look for a certain financial profile. Your financial profile should have these things… There is four things lenders look at when deciding whether not to grant you financing and having a balance of each will score you better terms and an easier process.…
One of more unique ways borrowers in the health care industry can get a mortgage is the doctor’s loan. Here’s how the flexible program works… One of the benefits of being a physician when it comes time to getting a mortgage is having more financial flexibility. This can help bridge the gap between renting and…
As prices continue to climb many are wondering if there’s going to be a pop similar to the financial crisis. Here is the reality of mortgage and housing market… The financial crisis was brought on by the subprime meltdown. The subprime mortgage products that were available led to the financial collapse of America and the…
Getting a mortgage can be a costly endeavor if you don’t plan accordingly. Deadlines, qualifying, and paperwork are some of the things you’re going to be dealing with over the course of your escrow. Here’s what you need to know regarding loan costs… Fees can change in part for a slew of reasons, but for…
Buying a home is no easy feat. There’s a lot of paperwork and you need to be on top of your to secure the big ticket purchase. How do determine if you should pull the trigger or wait… Banks will let you take on a mortgage payment at no bigger than 45% of your monthly…
Working on your down payment money to buy a home? Here’s something you need to know…your paycheck can work against your down payment savings plan. Buying a home requires precision planning, good income, good credit, manageable liabilities and a healthy down payment. As much as 3.5% of the purchase price can be a big factor…