If you’re in the market for a mortgage, the worst gauge the direction of mortgage rates is the media. Here’s why … Mortgage rates trade in lockstep with the mortgage back securities … [Read More…]
What you must do when getting an FHA mortgage with an income based student loan
FHA loans generally are easier to get than conventional mortgages. They require less money down, allow higher payment to income ratios and generally provide more flexibility for borrowing mortgage money. If you … [Read More…]
Lending guidelines just got easier for conventional traditional mortgages
If you’re in the market for a mortgage and you are paying alimony, the guidelines just got easier to allow you to get a mortgage. Here’s how the new guideline will benefit … [Read More…]
These two factors drive your mortgage cost
These two factors have the biggest influence on the cost of your mortgage. There are two things can change the cost of your mortgage when buying or refinance a home more than … [Read More…]
How to decide when its time to get a cosigner
How to decide when it’s time to get a cosigner for your mortgage Securing mortgage financing with a unique scenario can be a challenging endeavor. If your income is not enough or … [Read More…]
Here is why you should not be worried about buying at the top of the market
Most US housing markets are supporting little inventory and big demand creating a favorable environment for sellers. If you’re thinking about buying a house and you’re worried you’re buying at the top … [Read More…]
The truth about how credit scores relate to mortgages
Credit scores are incredibly important when secure a mortgage financing. They are however only one leg of a four-leg table. Here’s what to remember about credit scores and home loans. *Credit scores … [Read More…]
How to pick the right mortgage loan program for your situation
With the proliferation of new home buying programs being introduced into the market consumers today have more choices for securing financing than ever before. Here is how to pick what mortgage loan … [Read More…]
What kind of home buyer are you?
Buying a home whether it be your first home or even a second home should be done with prudence and care. You should be looking at homes that you have a shot … [Read More…]
How to get a mortgage with a credit score under 620
Here is what most banks and mortgage companies will not tell you. If you have a bad credit score they don’t want your business. It’s the truth. Every financial institution wants borrowers … [Read More…]
