4 Frustrating Renting Realities

Mortgages

4 Frustrating Renting Realities

4 Frustrating Renting Realities

Millions of consumers who either previously owned a home or have never owned a home are all too familiar with the financial drain of renting. Here are four renting realities that could make you reconsider whether it’s ultimately worth it. 1. Your Home Is Controlled By Your Landlord A legal right to occupy the property… Read More

Think You Can’t Afford to Buy a Home? Think Again

Mortgages

Think You Can’t Afford to Buy a Home? Think Again

Think You Can’t Afford to Buy a Home? Think Again

Did you have a bad credit event in recent years? Do you have less than two years in the same career field? Is your monthly income less than three times your proposed payment? Fear not, when your financial picture doesn’t fit neatly into the box, you may still qualify with some lenders. Here’s how. When… Read More

How Lying About Your Income Can Hurt Your Mortgage

Mortgages

How Lying About Your Income Can Hurt Your Mortgage

How Lying About Your Income Can Hurt Your Mortgage

Your income is one of the major factors lenders use in determining whether you qualify for a mortgage. Which is why omitting, hiding, manipulating or not showing income may put you in a decidedly gray area with your mortgage company. When you apply for a home loan, lenders require specific income documentation to fund a… Read More

What’s the Biggest Mortgage You Can Get?

Mortgages

What’s the Biggest Mortgage You Can Get?

What’s the Biggest Mortgage You Can Get?

Buying or refinancing a home in a high-cost market and need a big mortgage loan? With such low interest rates and the various loan programs available in the lending environment today, determining which is best for you to successfully pull off your transaction can be no minor feat. Conventional Conforming Loans A conventional mortgage is a… Read More

4 Unconventional Homes You Can Buy & How to Do It

Mortgages

4 Unconventional Homes You Can Buy & How to Do It

4 Unconventional Homes You Can Buy & How to Do It

Looking to purchase real estate other than a traditional cookie-cutter single-family home? If you’ve ever been told you can’t get residential mortgage financing on a certain type of property, think again. As challenging as it may be to get a loan for an alternative property type, it can be done. 1. Manufactured Homes Considered to… Read More

This Mortgage Cost Is No Longer Necessary

Mortgages

This Mortgage Cost Is No Longer Necessary

This Mortgage Cost Is No Longer Necessary

For those who’ve gotten a mortgage in the past few years with little equity, most are all too familiar with private mortgage insurance, the added premium built into the mortgage payment insuring the lender against payment default. Measured over time, it can cost you thousands, so it’s worth a closer look — especially if you… Read More

Show Me More by Scott Sheldon

Find out where you stand.
Get your FREE personalized credit report card.

Sign Up Now
X

Stay Connected to Our Experts

Please submit your email address to get credit & money tips & advice
from our team of 30+ experts, delivered weekly to your inbox.