Buying your first home should be handled with extreme care including selecting which mortgage loan program makes the most financial sense. Following is what you ought to consider when looking at both mortgage loan programs … Loans backed by Fannie Mae and Freddie Mac are conventional loans which require a minimum down payment of 5%…
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…
When you’re getting a mortgage the process can seem a little bit scary because it’s unfamiliar and most people don’t take out mortgages that often, so the unfamiliarity of the process can seem daunting stressful and somewhat cryptic. Here is how the mortgage process works and most importantly what you should avoid doing when getting…
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…
One of the challenges some families may have when seeking a mortgage is not showing enough income on paper via tax returns to qualify. Here’s some nuances about bank statement programs that might help you land a mortgage more successfully… Traditionally when getting a mortgage most mortgage companies are going to want your W-2s or…
Everyone wants to be a credit expert especially when it comes time to getting a mortgage. The unfortunate truth is most people do not have the expertise or time to accurately enhance their credit scores. If you’re trying to work on your credit for getting a mortgage here’s what you should plan for… There are…