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 mortgage… Every year you gather together paperwork for doing your tax returns things like; receipts, explanations, paystubs and W-2s. 70% of this information…
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 property is critical. It is often thought a rental property is more dollars and cents transaction with less focus on location. While this…
Well it might appear as though getting a mortgage is easier than it was a few years ago, the process is still dicey. It is no secret in the industry the majority of loans do not close on time. Here’s what you need to know if you’re going to be getting a mortgage in the…
If you’ve never bought a home before or it has been many years since your last mortgage transaction, you’ll need to freshen up on the basics. What lenders look for… The 3 c’s Cash-this one is a biggie. You need to have cash to buy a house pure and simple. Gone are the days of…
Saving up to buy a home is no easy feat. Here’s what you should take into consideration when planning out a home purchase. One of the key components of being able to successfully buy a home is having enough cash for a down payment plus closing costs. Generally, you’ll need at least $20,000 to buy…
If you are hesitant to apply for a mortgage because you think your credit score will drop, think again. Here is what happens when you apply for a mortgage and get your credit pulled… Many online articles would have you believe your credit score automatically drops when you apply for a loan. This is not…
If you were planning to buy a home or refinance one you already own, expect a lot of paperwork. Here’s one thing you probably didn’t know – tax returns are not required all the time. Are you self-employed or W-2? If you are a W-2 wage earner there is lower likelihood for needing to provide…
You’re preapproved; suddenly a home matching your criteria pops up on the market. Then it hits you, the house needs a ton of work. Here are things to consider when the house you’re trying to buy house needs tender loving care… The reality is resale homes may need work including everything from a new roof,…