Why 2016 May Be A Great Year for Homebuyers

Mortgages

Why 2016 May Be A Great Year for Homebuyers

Why 2016 May Be A Great Year for Homebuyers

The Federal Housing Administration continues its mission to help consumers realize the dream of homeownership. In today’s mortgage lending environment, there are three buckets of loan options available for borrowers, including conventional, FHA and jumbo loans. Of the three, FHA mortgages are significantly more flexible, especially in the following areas: Higher debt ratio allowance 3.5% equity Lower credit scores... Read More

5 Credit Mistakes You’ll Regret Immediately

Credit Score

5 Credit Mistakes You’ll Regret Immediately

5 Credit Mistakes You’ll Regret Immediately

We all make mistakes and have regrets — those extra pieces of pie over Thanksgiving come to mind! — however, some regrets last longer than others. Credit mistakes can make you regret the error of your ways for years to come. Avoid these common credit mistakes and you’ll have one less area of regret in your life.... Read More

Freelancers: Here’s What You Need to Know About Buying a Home

Mortgages

Freelancers: Here’s What You Need to Know About Buying a Home

Freelancers: Here’s What You Need to Know About Buying a Home

One of the main things you need in order to qualify for a mortgage is an income to support the payments—you’ll need documents showing this income when you try to get pre-approved. But self-employed and freelance workers don’t always have that option. Without work stubs, what can they do? “In general, the qualifying criteria are the same for a self-employed borrower as it... Read More

3 Reasons It’s Not a Seller’s Housing Market

Mortgages

3 Reasons It’s Not a Seller’s Housing Market

3 Reasons It’s Not a Seller’s Housing Market

If you’re considering purchasing a home, but worried that rising home prices mean you’ll pay too much for a house, think again. Just because home prices have risen doesn’t mean it’s a seller’s market out there. Here’s why. 1. Home Prices Aren’t Necessarily Inflated Home prices have gone up, but have they done so unreasonably?... Read More

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