FHA loans have gotten a bad rap in the last few years. Here is the Granddaddy Truth about FHA loans, you should really consider if you are looking for mortgage options! FHA loans are another option you can take as a borrower, to help you accomplish your financial goal. The Federal Housing Administration ensures the…
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Getting a mortgage is every bit as arduous as you might think. The paperwork can be technical and complex. Here is what you should expect if you plan to buy a home in 2017 or beyond. The reality is that the mortgage industry screwed up America, and the better part of the world, and paved…
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Are you trying to qualify for mortgage financing? Giving a “scenario” to a lender without actually providing thorough financials and pulling credit is a recipe for disappointment. Here is what you really need to know about today’s lending world to make sure you get real information. Today’s mortgage world is a very compliant and bureaucratic…
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Do you need help saving to buy a house? What you think you need and what you actually need may not be the same. Here is what you should know when saving for a home. In order to purchase a home, you need at least 3.5% for a down payment. Another option is Down…
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Are you looking to afford a mortgage? A 50 year mortgage may be an option, but here are some things to consider when looking at a long mortgage term. These loans are not bought and sold by Fannie Mae or Freddie Mac. They are smaller banks and portfolio lenders that offer unique financing and as…
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Are you looking to purchase a home? Are you self-employed? The rules to make this happen just got easier. Freddie Mac has recently announced upcoming changes on how vendors can use your income to qualify you for a home. If you are a self-employed borrower, lenders will be looking at your loan application with a…
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Are you buying a home? This common mortgage mistake can end up creating more unnecessary challenges for you during the underwriting process. Here are the things you should look out for… When you are buying a home, you need to show your lender that you have a down payment and access to funds to close.…
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