Purchasing a home can be tricky if you have a home to sell first. For many, the opportunity to purchase a new home can only come from the sale of the home … [Read More…]
Tax return losses may hurt your mortgage chances
Qualifying for a mortgage involves: an acceptable credit score, sufficient assets and stable income. These are to show you can support a mortgage payment, plus other liabilities. You must have a balance … [Read More…]
How to remove private mortgage insurance
There is too much information circling around the internet, about how to remove mortgage insurance from your monthly mortgage payment. Unfortunately, it is not as simple as having 20% home equity either. … [Read More…]
Here is the lowest credit score you need to get a mortgage
Contrary to what you may hear or read, your credit does not have to be stellar to get a mortgage. Most banks and lenders require at least a 640 credit score. However, … [Read More…]
Why you cannot opt out of title insurance when getting a mortgage
If you are like most consumers, you want to have a clear understanding of the fees associated with a mortgage. The closing process, lender fees, title fees, etc. This is so you … [Read More…]
Which option makes the most sense for cash out refinancing?
If you have the need to borrow money, but you don’t want to tap your assets cash out refinancing your home could be a good move. Here’s what to consider when determining … [Read More…]
One really smart move to best prepare for getting a mortgage
Securing mortgage loan financing requires a laundry list of paperwork. Here’s a really simple tip you can take to the bank to make sure your process is easy while getting the best … [Read More…]
Getting a mortgage is still not an easy process
Well it might appear as though getting a mortgage is easier than it was a few years ago, the process is still dicey. It is no secret in the industry the majority … [Read More…]
Should you refinance your house with a direct-mail mortgage offer?
Many homeowners are often inundated by the amount of junk mail offers they receive each month. Here is what to think about if you’re considering refinancing with a direct-mail solicitor… Confusing pitch … [Read More…]
3 things you will not like about today’s mortgage process
These things about today’s mortgage loan process will drive you crazy. Know what lenders will want…. Patriot Act This says lenders do not make loans to drug dealers, money launderers or terrorists. … [Read More…]
