Does an FHA Loan Limit Your Homebuying Options?

Mortgages

Does an FHA Loan Limit Your Homebuying Options?

Does an FHA Loan Limit Your Homebuying Options?

In many housing markets, there is more demand for homes than there is supply, which can create intense competition. Let’s say you’re pre-approved for an FHA loan and find a home you like, but your competition comes to the table with cash — here’s what you need to know. Stigma Tied to FHA Loans FHA… Read More

4 Ways Getting a Mortgage Just Got Easier

Mortgages

4 Ways Getting a Mortgage Just Got Easier

4 Ways Getting a Mortgage Just Got Easier

The challenges consumers have faced in recent years in procuring a mortgage may be coming to an end. Here are four major changes that could make it easier for you to get a mortgage. 1. Your Landlord Experience for Investment Properties Until recently, in order to qualify for conventional loan financing for an investment property,… Read More

4 Common Mortgage Killers & How to Survive Them

Mortgages

4 Common Mortgage Killers & How to Survive Them

4 Common Mortgage Killers & How to Survive Them

Applying for a home loan these days requires detailed documentation. Expect to show everything from full tax returns, pay stubs, bank statements, to letters of explanation regarding your credit, debt, income and assets. However, that leaves quite a bit of room for challenges to pop up. Here are four common roadblocks you may encounter in… Read More

Does Your Mortgage Pre-Approval Hold Water?

Mortgages

Does Your Mortgage Pre-Approval Hold Water?

Does Your Mortgage Pre-Approval Hold Water?

If a lender tells you that you can be pre-approved in just a few minutes, you might want to stop and run in the other direction — fast. A real pre-approval involves much more than just a loan application and credit report. Here’s what a traditional pre-approval includes: You’ve submitted an application with a lender. You’ve… Read More

The Surprising Way Your Job Can Impact Your Mortgage

Mortgages

The Surprising Way Your Job Can Impact Your Mortgage

The Surprising Way Your Job Can Impact Your Mortgage

It’s pretty well-known that when you apply for a mortgage, a lender is going to look at your income when deciding whether to approve you. But you may be surprised to hear that your commute can also be a major factor. Here’s what you need to know about getting that mortgage. Occupancy is an integral component of… Read More

Should You Refinance Even If You Plan to Sell Your Home?

Mortgages

Should You Refinance Even If You Plan to Sell Your Home?

Should You Refinance Even If You Plan to Sell Your Home?

Are you interested in refinancing your mortgage, but hesitant to do so because you’re thinking of selling your home at some point? Believe it or not, refinancing could still make sense. Here are several reasons why you might want to consider refinancing anyway. Your Financial Circumstances Could Change Let’s say you plan to sell your… Read More

The Simple Trick to an All-in-One Mortgage Payment

Mortgages

The Simple Trick to an All-in-One Mortgage Payment

The Simple Trick to an All-in-One Mortgage Payment

If you’re planning to buy a home in the near future, real estate taxes and homeowners insurance are necessary carrying costs you incur as a homeowner. There are two sides to the coin when electing to have these expenses rolled into your mortgage payment. Here’s what you need to know about mortgage escrow accounts. How Escrow… Read More

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