It’s no secret these days mortgage companies want you to jump through hoops and provide what might seem like endless amounts of paperwork in order to grant you credit. Here are some things to consider when applying for a mortgage so you can better position yourself for a successful outcome… Mortgage companies are in the…
The Federal Housing Finance Agency which oversees loans bought by Fannie Mae and Freddie Mac announced to change to the conforming loan limit last week. Here’s what the change means for you… Every year the Federal Housing Finance Agency releases its loan limits for the next year. Over the last 4 years, the agency has…
The internet is full of information about purchasing or refinancing a house. Some of it tangible some of it not worth the paper it’s written on. Here are seven of the most common misconceptions with regards to getting a mortgage… Pulling credit for a mortgage automatically tanks your credit score. The reality of it is…
Interest rates right now are very close to their all-time historical lows. We’ve seen this a few times before. Here’s what you need to consider when getting what you perceive as the best mortgage rate… Mortgage rates are in flux and have been in flux since the United States started keeping track of these numbers…
Securing mortgage loan financing is the cornerstone of financial prosperity in America. It’s one of the biggest decisions you’ll ever take on your life. Here’s watch to avoid when applying for a high-ticket mortgage… Make no mistake the way mortgage companies must originate loans is 100% controlled by the federal government. That means the “asks”…
When you apply to refinance your house one of the risks you inevitable agree to is your application is subject to a loan to value. Here is how to handle a situation where you value is beneath initial estimates… One of the things you must have you when refinance is a loan to value determined…
The decision to refinance can be something that requires careful consideration time and energy. If you’re thinking about refinancing here’s some things to consider… What is the number one net tangible benefit to do this refinance? This is by far the most important consideration you need to ask yourself. Is it worth all the paperwork…
As mortgage rates continue to remain flat, it might not be a bad thing to consider really weighing out both options of getting a home equity line of credit or doing a Cash out refinance for that home improvement project or debt consolidation you have been thinking about. If you’re looking to pull money out…