How to Choose the Low-Down-Payment Mortgage That’s Right For You

Mortgages

How to Choose the Low-Down-Payment Mortgage That’s Right For You

How to Choose the Low-Down-Payment Mortgage That’s Right For You

Low down-payment mortgage loans have been around much longer than most people realize. The Federal Housing Administration  loan requiring just 3.5% down re-emerged in 2008, but today, loans backed by the government requiring even less down are becoming popular. Here are the different kinds of low-down-payment loans available and what you should know about each.... Read More

What You Really Need to Know About Today’s Mortgage Lending World

Mortgages

What You Really Need to Know About Today’s Mortgage Lending World

What You Really Need to Know About Today’s Mortgage Lending World

Are you trying to qualify for mortgage financing? Telling your story to a lender without providing thorough financials and pulling credit is a recipe for disappointment. The mortgage industry is a bureaucratic environment. Consumer protection and compliance remain supreme with mortgage lenders and banks. Financial institutions are under tight scrutiny from the Consumer Financial Protection... Read More

What You Should Know About Mortgage Paperwork

Mortgages

What You Should Know About Mortgage Paperwork

What You Should Know About Mortgage Paperwork

Getting a mortgage is every bit as arduous as you might think. While lax mortgage lending standards helped pave the path to the financial crisis a few years ago the pendulum has swung so far the other way in 2017 that getting as simple as a 30-year fixed rate loan is incredibly complex given the... Read More

Is a 50-Year Mortgage a Good Move?

Mortgages

Is a 50-Year Mortgage a Good Move?

Is a 50-Year Mortgage a Good Move?

Are you looking to afford a new mortgage? A 50-year mortgage may be an option, but here are some things to consider when looking at a long mortgage term. These loans are not bought and sold by Fannie Mae or Freddie Mac. They are smaller banks and portfolio lenders that offer unique financing and, as... Read More

This Common Mistake Can Kill Your Mortgage

Mortgages

This Common Mistake Can Kill Your Mortgage

This Common Mistake Can Kill Your Mortgage

In order to qualify for a mortgage, you need to show your lender that you have a down payment and access to funds for closing. This money needs to come from documentable sources prior to moving it from your bank account to your escrow account. Unfortunately, a lot of people don’t do this, which can... Read More

5 Ways to Find Extra Money for a Down Payment

Mortgages

5 Ways to Find Extra Money for a Down Payment

5 Ways to Find Extra Money for a Down Payment

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 on its own, never mind coming up with enough cash to close on your potential new home. If you’re worried about the credit... Read More

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