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

Will Taking a New Job Hurt My Homebuying Chances?

Mortgages

Will Taking a New Job Hurt My Homebuying Chances?

Will Taking a New Job Hurt My Homebuying Chances?

A reader asked us recently how much impact an unanticipated job change could have on his ability to get a mortgage.  “I found a better job,” he wrote. “How does this affect the loan?” We asked Scott Sheldon, a senior loan officer in Sonoma, Calif., and a Credit.com contributor, and he said the answer could… 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

5 Reasons You Can’t Get a Mortgage

Mortgages

5 Reasons You Can’t Get a Mortgage

5 Reasons You Can’t Get a Mortgage

Are you gearing up to refinance or buy a home this year? These five things may stop your mortgage dead in its tracks. Here’s what you need to know to prevent your loan application from being denied. 1. Your Credit Score Is Not What You Think It Is This scenario is all too common. A consumer… Read More

Buying a Home? Be Ready for These Closing Costs

Mortgages

Buying a Home? Be Ready for These Closing Costs

Buying a Home? Be Ready for These Closing Costs

For most of us, there’s no bigger purchase than buying a home. And with big purchases, even minor fees can carry a big price tag. Before signing the paperwork and taking on a mortgage, it’s a good idea to get educated about the process. Many people either don’t know or forget to factor in the… Read More

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