When Renting Out Your Home Can Help You Buy a New One

Mortgages

When Renting Out Your Home Can Help You Buy a New One

When Renting Out Your Home Can Help You Buy a New One

One of the biggest obstacles homebuyers will face is being able to show enough income to offset their debts — in addition to a proposed housing payment. If you don’t show enough income to offset your debts according to the bank’s requirements, you may have trouble getting the loan. With that in mind, there is… Read More

Refinancing? Why Your Bank May Not Be the Best Deal

Mortgages

Refinancing? Why Your Bank May Not Be the Best Deal

Refinancing? Why Your Bank May Not Be the Best Deal

Planning to refinance your house? Figure you’ll make it easy by opting to refinance through your current mortgage holder? If yes, beware of offers too good to be true. Here’s what you need to know about your mortgage holder’s offer. Those who have refinanced or bought a home since 2008 know all too well what… Read More

Are You Paying Too Much for Your Mortgage?

Mortgages

Are You Paying Too Much for Your Mortgage?

Are You Paying Too Much for Your Mortgage?

Are you shopping for mortgages and comparing them to see which one is the better deal? Were you offered a higher-priced mortgage? How can you even tell? Consumers in search of a mortgage should be especially wary of higher-priced loans when comparing rates and fees. It becomes especially important in the shopping phase because lenders quote rates… Read More

Buying a Condo? Here’s What You Need to Know

Mortgages

Buying a Condo? Here’s What You Need to Know

Buying a Condo? Here’s What You Need to Know

Condominiums make an affordable alternative to purchasing a single-family home. As prices continue to rise in many markets, purchasing a lower-priced condo makes for an attractive choice in pursuing home ownership. Important Lending Terms for Condo Buyers Buying a condo is different than buying a traditional single-family home. Here are some terms that are important… Read More

How to Get a Mortgage Despite a Debt Judgment

Mortgages

How to Get a Mortgage Despite a Debt Judgment

How to Get a Mortgage Despite a Debt Judgment

A judgment is a painful court order to pay a debt, and can arise from a lawsuit, a divorce, business dispute or an array of other possibilities. Judgments are public record. They will appear on your personal credit report and can wreak havoc on your credit scores. They can also hurt your ability to get a… Read More

How Your Taxes Could Hurt Your Homebuying Chances

Mortgages

How Your Taxes Could Hurt Your Homebuying Chances

How Your Taxes Could Hurt Your Homebuying Chances

Are you planning on buying or refinancing a home this year? When it comes to your taxes, be careful. If you’re trying to save a few bucks when paying Uncle Sam, you might be doing things that could cost you your mortgage. When You’re an Employee First, let’s take a look at the tax moves… Read More

How Short-Sale Survivors Can Get a Mortgage

Mortgages

How Short-Sale Survivors Can Get a Mortgage

How Short-Sale Survivors Can Get a Mortgage

Need to finance a home this year? If you had a previous short sale, pay very close attention to your credit report, because it might list the home as a foreclosure. It’s important to know how this difference can prevent you from getting a new mortgage again, and how you can deal with it so… Read More

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