Fannie Mae recently announced changes to its debt-to-income ratio policy, increasing its allowance from 45% to 50% starting on July 29th. Here is what that’s going to mean for mortgage borrowers going forward… … [Read More…]
Will a low down loan help you buy a home?
Low down-payment loans have been around much longer than most people realize. 2008 was the re-emergence of the FHA, only requiring 3.5% down. Today loans backed by the government requiring even less … [Read More…]
How to get a down payment to buy a home
In order to buy a home, you need to have a balance of good credit, manageable debt, stable income and sufficient savings. Maintaining a balance between these four categories is challenging enough … [Read More…]
The 2017 Mortgage Rate Environment
The mortgage industry has gone through some changes in the last three months. If you are looking to finance a home in 2017, it is important that you know what the opportunities … [Read More…]
6 questions every lender will ask
Like it or not when you apply for a mortgage you’re going to go through financial scrutiny. How well your financial picture is in order will determine an easy, slow or difficult … [Read More…]
The ideal mortgage candidate
When it comes time to purchase or refinance a home lenders are look for a certain financial profile. Your financial profile should have these things… There is four things lenders look at … [Read More…]
Are you a physician? Getting a mortgage just got easier…
One of more unique ways borrowers in the health care industry can get a mortgage is the doctor’s loan. Here’s how the flexible program works… One of the benefits of being a … [Read More…]
Should you go FHA or Conventional?
FHA loans and conventional loans remain the most popular financing type for today’s mortgage borrowers. Here’s how to determine which program makes the most financial sense for you… FHA loans are insured … [Read More…]
One really smart move to best prepare for getting a mortgage
Securing mortgage loan financing requires a laundry list of paperwork. Here’s a really simple tip you can take to the bank to make sure your process is easy while getting the best … [Read More…]
How to evaluate buying a rental property
Buying a rental property can be very lucrative and sound financial vestment. Here’s how to determine whether not buying a rental property with financing makes sense. Location, location, location Location for the … [Read More…]
