The days of needing 20% down to buy a home are long gone. To compensate, lenders charge private mortgage insurance as means to offset risk, driving up would-be borrowers’ mortgage payments. Here’s … [Read More…]
How The Size Of Your Mortgage Is Impacted By Your Credit Score
Looking to finance larger loan size? If you plan on being in the market for a mortgage loan $417,000 or larger, your credit score along with your equity will play an important … [Read More…]
Your Deferred Student Loan May Impact Your Mortgage Chances
The cost of your educational isn’t just interest you pay on student loans, no, in fact, an ulterior cost also lurks in the mix, mortgage ineligibility. A deferred student loan usually be … [Read More…]
How Much Skin In The Game To Buy A House
Looking to get your foot in the door? If you’re tired of paying someone else’s mortgage, now may be the time to pursue the American dream of homeownership. In fact, you need … [Read More…]
How To Buy A Home By Refinancing Another
An important home buying hurdle you’ll need to over is the relationship between the proposed new housing payment and current liabilities against your monthly pre-tax income. The payment to income ratio on … [Read More…]
Lenders Tightening The Screws On Short Sale Borrowers
Are you one of the millions of homeowners who short sold a house in the last few years? If yes, you’ll now be waiting a little while longer for your second chance. … [Read More…]
Buying A Home In A Competitive Real Estate Market? Tips To Increase Your Odds
Demand for real estate is prevalent is many markets across the country, one of the challenges that inevitably follows suit, is a particularly competitive real estate climate. All cash offers, offers going … [Read More…]
How To Avoid Monthly PMI With Less Than 20% Down
Buying a primary home? The 20% down rule is yesterday’s news. More down payment options exist, including both government and private sector alternatives, allowing more flexible choices. Don’t be fooled however, as … [Read More…]
Why Your Second Job May Not Cut It For A Mortgage
You have a great credit score, manageable debts, solid income even have cash ready to go, but you still can’t a mortgage. Want a lender to count your second job income? Know … [Read More…]
Big Shoes To Fill With FHA's Back To Work Program
Announced in 2013, the FHA Back To Work Program allows a buyer repurchase a primary home again just 12 months after a foreclosure, short sale or a deed in lieu of foreclosure. … [Read More…]
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