When a Second Job Won’t Help You Buy a Home

Mortgages

When a Second Job Won’t Help You Buy a Home

When a Second Job Won’t Help You Buy a Home

You have a great credit score, manageable debts, solid income, cash ready to go, but you still can’t get a mortgage. You even have a second job – shouldn’t that help you?  Not necessarily. A lender may not allow the use of the income you generate from your second job unless you meet certain criteria. If… Read More

How to Buy a Home When You’re Self-Employed

Mortgages

How to Buy a Home When You’re Self-Employed

How to Buy a Home When You’re Self-Employed

Since the inception of qualified mortgages this year, the process to successfully close on a mortgage has become compliant-heavy by industry standards. This is especially true if you own your business. It’s no mystery among self-employed borrowers that banks do not make it easy for an entrepreneur to qualify. Here’s what you’ll need to get… Read More

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

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