If you’ve been thinking about buying a home with an FHA loan, there’s some exciting news that could make the process smoother, especially if you’re relying on family for financial help. The Federal Housing Administration (FHA) just announced a significant change to its guidelines that could make it much easier for homebuyers… What Changed? Since…
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If you have an FHA mortgage on your home and are planning to sell, you can take advantage of the fact that the loan is assumable. This means that the buyer of your property can take over your existing loan, which can help you get a higher price for your home… Here’s how it works:…
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For families looking to purchase a home, good news has arrived interest rates are slowly starting to descend. As time goes on purchasing power for family’s home searching will rise. So, the benefit of this is a lower monthly payment, potentially qualifying for a larger priced home by market forces. Here are some things to…
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You’ve decided to buy a home, you’ve gotten preapproved with a lender, your file has even been pre-underwritten. Here are some things you might want to give some consideration to- what you want versus what the market might support… Here’s to considerations to think about.. Consideration one- Let’s say you’re pre-approved to $700,000, the house…
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For families were looking to buy a home one of the biggest setbacks people have been their credit score. The better the credit score the more likelihood you can get a loan. Everyone knows this, however, if your credit score needs a little bit of love, believe it or not there’s a mortgage loan programs…
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If you’re trying to get a home loan to purchase a home, but you’re self-employed, and have some unique sources of income, or don’t show income on tax returns. there are still programs out there. The following are some examples of non-traditional options that might help you as it relates to successfully getting a mortgage…
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So you have a situation in which you need to access cash. You have a first mortgage at 3%, lots of equity in your home and you want to cash out refinance in order to do a new improvement. What’s the best way to access that money?.. The reality of it is you pretty much…
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If you’re looking to purchase a house you need to be all in. That means you need to surrender to the expectations your realtor and lender have laid out for you so you can be successful. If you’re thinking about buying a house here are some things to consider… Your realtor and your lender are…
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