Everyone knows buying house right now is challenging. Across the nation is a competitive real estate market brought on by an exceptionally low supply on a national level. As a result, in … [Read More…]
qualifying for a mortgage
why your mortgage application could be denied
Getting a mortgage is not as simple as showing your ability to pay, having good credit, and a good down payment. It also must pass a test period of Fannie Mae and … [Read More…]
Why not all first time homebuyer programs are created equal
If you are just starting off in life and trying to get your footprint in the real estate climate; the information in this post is for you. Everyone must start somewhere and … [Read More…]
Should you refinance during rising rates?
If you’re thinking about refinancing your house and you’ve been on the fence; now would be a good time to start that application. Interest rates are all relative so it’s important to … [Read More…]
How changing your preapproved amount may affect your home buying chances
So, you’re looking to purchase a house, you’re preapproved, and you’re on the home search. You and your realtor are going out on nights and weekends looking at homes and deciding if … [Read More…]
How to get a mortgage if your 2020 tax return was low due to covid_19
As we are entering into pandemic manageability, one of the things lenders are still looking for as it pertains to self-employment borrowers is positive income from your tax return… Both Fannie Mae … [Read More…]
Your choices if you’re self employed and you don’t show enough income for a mortgage
Mortgage companies use your net income from your tax returns to qualify you. The excuse my accountant won’t let me do that, or I have to pay more taxes is incongruent with … [Read More…]
Borrowing a down payment to buy a home? Watch our for these two retirement accounts
One of the best things you can do to proactively position you and your family to buy a home is to borrow money from your 401K after all, it’s your money. If … [Read More…]
