Purchasing your first home or even a move-up home is no easy feat. You need to have a blend of credit, income, and manageable monthly expenses so you can support the desired house payment you’re looking to take on. The number one reason why people have a difficult time getting qualified to purchase a home,…
If you are trying to get a mortgage, the number one thing you need is affordability. How much you earn in relation to how much you spend can make or break your mortgage application. Here are some things to consider when you’re trying to figure out how to best improve your chances of borrowing money…
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…
If you’re getting mortgage financing to purchase or refinance a house here is the number one thing that you’re going to want to avoid if you have a student loan. FHA mortgages and student loans do not mix here’s why… The Federal Housing Administration specifically requires the lender to use the highest possible amortizing payment…
Interest rates are a big driver of the mortgage market. People purchasing houses and refinancing houses are taking advantage of today’s historically low rates. Here are some fundamentals you should be aware of when it comes to interest rates and what the market may or may not do going forward… First things first what drives…
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 are in the market for mortgage loan financing or will be in 2020 this information could be very pertinent to your situation. Here is what you need to know about what is going on right now and likely will happen throughout the rest of this year… The Coronavirus pandemic is not only a…