Can You Have Two FHA Loans at Once? Here’s What You Need to Know FHA loans are designed to help people buy primary residences—not investment properties, second homes, or vacation getaways. That’s why, under normal guidelines, you can only have one FHA loan out at a time. But what if your life circumstances change and…
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How a Car Payment Could Cost You $100,000 in Home Buying Power When you’re house hunting in today’s market, every dollar counts — and sometimes, it’s not your income holding you back from qualifying, it’s your monthly liabilities. One of the biggest culprits? Your car payment. You wouldn’t believe how often I see someone with…
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’ve done everything right. You sent your documents to the lender, got preapproved, and now you’re actively house hunting. Maybe it’s been a few weeks since you got your initial FHA preapproval. You’ve seen some homes, made a few offers, but nothing has gone into contract yet. Then, you hear the question: Should I switch…
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Co-signing a loan for someone might feel like the right thing to do, but it can have unintended consequences if you’re planning to get a mortgage or refinance your home. Whether it’s for a friend’s new car or a family member’s fancy motorcycle, co-signing puts their debt on your financial record, and that can cause…
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