Buying a house is a large financial investment. People when seeking a mortgage generally are looking to keep their payments as low as possible in relationship to their income and fixed costs. Here’s what you should look for when deciding how much cash you want to put in your home buying project… The general rule…
One of the challenges some families may have when seeking a mortgage is not showing enough income on paper via tax returns to qualify. Here’s some nuances about bank statement programs that might help you land a mortgage more successfully… Traditionally when getting a mortgage most mortgage companies are going to want your W-2s or…
If you served in the military a VA mortgage if you can qualify supports, the maximal amount of borrowing power with the lowest possible payment. Here are some things to consider when looking at a VA mortgage… The US Department of Veterans Affairs guarantees loans up to 100% loan to value for purchase rate and…
Buying a home for the first time or even a second or third time is a detailed and meticulous endeavor that should be carefully considered by weighing out all your options. Consider this when buying a home with a mortgage… The problem homebuyers can sometimes run into is it they get so wrapped around the…
Refinancing or purchasing a house requires an apple supply of cash, credit and income. Here’s what you need to know with regards to getting a mortgage loan with roommate income. Generally, to get a mortgage you cannot use roommate income to qualify. In the lending world this type of income is called border income. Most…
As a first-time home buyer taking the plunge to home ownership is a big step. You need to be feeling good about your personal debts and cash flow. Here is what you want to consider when researching so you can make the most informed home buying decision… The things you should consider when deciding whether…
Your credit plays an infinite role in your ability to get a mortgage loan. How good your credit stacks and what your credit history reveals may direct you into one program versus another. Here’s how your credit score drives what program you are eligible for. It’s no secret getting a mortgage is a bureaucratic and…
The two most common loans available in the marketplace are Conventional loans and FHA Loans. FHA Loans are insured by the Federal Housing Administration and Conventional mortgages are backed by Fannie Mae and Freddie Mac. When you use an FHA loan to purchase or refinance a house there is an upfront mortgage insurance premium calculated…