When it comes to buying a home you generally need to have credit, cash, and income in order to support the mortgage payment. The lender needs to determine that your a worthy … [Read More…]
buying a house
How to increase your investment rate of return using mortgage financing
If you’re looking to get a good return on your money, and you’re looking at bank accounts, you might want to consider paying down your mortgage balance. Before you do, here are … [Read More…]
How to get a mortgage if your 2020 tax return was low due to covid_19
As we are entering into pandemic manageability, one of the things lenders are still looking for as it pertains to self-employment borrowers is positive income from your tax return… Both Fannie Mae … [Read More…]
How to get a first time home buyer program
Buying your first home requires careful consideration of your cash, credit, and income. A first-time homebuyer is anyone who has not owned a house or any real estate in the last 2 … [Read More…]
Should you improve your credit or buy a house now?
One of the challenges to purchasing a home is your credit score. Everyone knows in order to obtain the best financing available you need to have good credit or even better great … [Read More…]
How your profit and loss statement may affect your mortgage application
If you’re self-employed you need to know that lenders are going to ask for a profit and loss statement year to date. Here’s what it is and why it’s needed if you’re … [Read More…]
Your choices if you’re self employed and you don’t show enough income for a mortgage
Mortgage companies use your net income from your tax returns to qualify you. The excuse my accountant won’t let me do that, or I have to pay more taxes is incongruent with … [Read More…]
Why purchase price should secondary to this one thing when buying a home
Here is the number one thing you need to be concerned about when buying a house and it’s not the purchase price… For people buying a house, the prospect of the market … [Read More…]
