For many homebuyers, every source of income matters when qualifying for a mortgage. If you receive child support, it can often be counted as qualifying income—helping you meet debt-to-income (DTI) guidelines and potentially increasing the loan amount you can afford. Understanding how lenders evaluate child support income will help you prepare the right documentation and…
Getting a mortgage isn’t always just about your credit, income, and down payment. Insurance requirements, property conditions, changing rates, appraisal issues, and other outside factors can sometimes add unexpected steps or delays to the process. Most of the time, these issues are manageable—but they’re a good reminder that every transaction can have a few moving…
Many mortgage companies along with the internet would have you believe getting a mortgage with bad credit cannot happen. It is true the process will be more difficult and challenging, but it is not impossible. If your desiring to refinance your property or buy a home with less than perfect credit the following information will…