2021 might be the year to purchase a home. With the combination of ultra-low interest rates buying a home could absolutely be something within your reach. Timing the market not a good idea, buying a home when your finances and cash and credit and income support generally makes sense if you have a buy and…
Consumers securing mortgage loan financing today at times might be frustrated with the amount of paperwork needed to get their mortgage application signed off. As a result, you must meet ATR which is ability-to-repay requirements to secure mortgage financing. As a result, some people depending on how technical their file is may experience more paperwork…
When you’re in the market to get new mortgage loan financing it can seem like it’s an endless navigational process to figure out what loan amount, what interest rate, what program what option is best suited to meet your needs. Here five pricier types of mortgages to be aware of… Cash-out refinances cost more because…
Does it make sense to tap your 401k to purchase a home? For most families in America, one of the biggest Staples of wealth is a retirement account. Here is what you might want to keep in mind when you are deciding where to get funds to purchase a house… To successfully close on a…
Believe it or not, the pandemic has created a unique situation where many markets are experiencing multiple-offer situations on properties for sale. If you’re going to get pre-approved or begin looking for a house here is what you might want to be aware of and what you can best do to position your chances of…
When it comes to purchasing a home especially a first home what you decide to purchase can affect your affordability. Here’s what you might want to think about when you’re deciding to purchase a condo versus a single-family house… When you purchase a condo your payment is comprised of principal, interest, taxes, and insurance and…
One of the old school ways home buyers used to buy homes was to secure a first mortgage and a second mortgage via seller carry financing. The program has gone away in recent years but a re-emergence is not beginning to take shape in this 2020 market. Here’s how you need to know how…
If you’re looking for mortgage loan financing and you have taking out or considering the new federal paycheck Protection Program mortgage loan here’s some things you need to know… Residential Mortgage financing does require a certain amount of monthly income and having expenses that are low enough to be in alignment with a new proposed…