Your debt to income ratio represents the number of monthly expenses you have in relation to your monthly income. Lenders usually want this number to be no more than 50% of your … [Read More…]
How the FHA 100 mile rule limits your ability to rent out and buy a home
FHA Loans are one of the most flexible loan programs available in the US housing market today. They are incredibly flexible only require a 3.5% down payment and offers very makes sense … [Read More…]
How changing your income and job status may affect your mortgage chances
Securing mortgage loan financing requires an ample credit score enough equity and or down payment, but it also requires income. You must have documented proof of income as well as a two-year … [Read More…]
Here is one surefire way of making the mortgage loan process more of a hassle
When you’re refinancing or purchasing a home. There is going to be inevitable paperwork that the mortgage company is going to require. If you plan on seeking a mortgage anytime soon, please … [Read More…]
How to use rental income to qualify for a mortgage
How to use rental income to qualify for a mortgage Rental property is a great way to have additional streams of income and create a financial nest egg for you and your … [Read More…]
Why the purchase price should not be the single most important factor
When buying a home most would believe the number one most important thing you need to be focused on is what you pay for the house. Mom and dad who bought their … [Read More…]
Here are 2 mortgage process problems you will want to avoid
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 … [Read More…]
What you need to know about the mortgage 4506T document
What you need to know about the mortgage 4506 document when purchasing or refinancing a house When you’re taking on a mortgage to purchase or refinance a property you must provide an … [Read More…]
Here is a legit non-traditional income program for self-employed mortgage borrowers
Traditionally, self-employed mortgage borrowers are more heavily scrutinized by mortgage companies because of their gyrating income. If their business stops the revenue stops and their ability to make a mortgage payment could … [Read More…]
Should you do a cash-out refinance or get a home equity line of credit?
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 … [Read More…]
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