Trying to get a loan for a mobile home? You may be surprised learn there is financing options available for non-single-family residence homes. What to know… Your property type holds all the cards in whether or not you’ll be able to obtain competitive loan terms. For starters, you need to own the land. If you…
Renters everywhere are feeling the constraints of rising rents. Rising rents erodes your ability to save for the cash needed to buy a home. It becomes a catch 22 because the longer you rent the more you need to save in order to offset rent increases while maintaining the rate at which you are saving.…
Looking for a bad credit mortgage loan? If your credit is not up to par, yes, you can still get a mortgage with hoop jumping. Believe it or not you may even be able to seal the deal even with credit score sub 620. Here’s what to expect… FHA- that’s right, the only program out…
Credit is the biggest hot button topic in mortgage lending by far. Most would probably agree, any time you can raise your credit score to improve your mortgage scenario, take advantage of it. Every situation is different and here’s what to be mindful if your credit needs a little love. There are three different loan…
It is no surprise there is significantly more demand for housing than there is enough supply creating intense competition. If you’re pre-approved and home hunting, here’s what you need to know if your competition has cash… All Cash Offers No matter what there is a chance you will lose out to the competition on a…
If you hear a lender toting they can preapprove you in just a few minutes, stop and run in the other direction- fast. A real pre approval is much more than a loan application and credit report. What to know before jumping into a home… A Traditional Pre Approval Includes The Following: you’ve submitted an…
If you have never owned a home before or it’s been a few years since you have, you’re missing out on credit advantages. That’s right, when you buy a home you automatically become more credit worthy. Remember these tips when inking a real estate deal… Recorded Legal Transaction When you rent, you have an agreement…
If you completed a loan modification in the past, you’ll need to meet certain credit thresholds to get a green light for a new loan. What to know… What Is A Loan Modification? A loan modification also known as a restructured mortgage is a loan in which the original terms of the transaction changed resulting…