FAQ for Self Employed Home Loans
Frequently asked questions on self-employment home loans or stated income loans. Question: How good does my credit have to be? Answer: You need a minimum credit score of 600 to be eligible for a stated income self-employment home loan. Past credit issues may be okay...
Are You Getting All 5 Tax Breaks for Homeowners?
Whether you're preparing your taxes for next year or considering buying a home, it's important to understand all of the potential tax breaks you can get by being a homeowner. With the new Tax Cuts and Jobs Act, fewer Americans will need to itemize the returns in order...
5 Reasons Your Loan May Not Be Approved
There's nothing more disheartening than realizing your home loan has fallen through or you can get approval for a home loan. It really comes down to these five reasons why a lot of buyers feel to get their mortgage approved. #1. Low credit score. Now, I specialize in...
What You Need to Be Ready for Your Home Loan Application
How to Prepare for a Home Loan Application Planning for home ownership is just as important as homeownership itself. Being prepared from the beginning can put you in a better place overall not only now but in the future. Nobody wants to purchase a home only to be...
How Do Down Payment Assistance Programs Work?
Down payment assistance programs were created to make homebuying more affordable but how exactly do they work? Nearly half of Americans say the down payment is the hardest part of buying a home. There are a lot of low down payment options such as VA loans and FHA, but...
Should I Look at Homes First or Apply for a Loan?
I hear a lot of agents telling buyers to apply for a home loan before looking at any property but is this always the best direction? I have found that applying first and looking at homes second only works about half of the time. The reason for this being that buyers...
When Should We Get Pre-Approved for a Mortgage?
Being preapproved before looking at homes is always the correct way to do things when buying a property but when should you get preapproved, why, and what is it? Being preapproved with a lender is more than simply typing in your income in a mortgage calculator online...
Is it Better to Get a 10, 15, 20 or 30-Year Mortgage?
Is it Better to Get a 10, 15, 20 or 30-Year Mortgage? There are so many options out there for homebuyers when it comes to a mortgage. Not only are there different options when it comes to the loan itself such as an FHA, USDA, conventional or VA, but the terms of the...
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Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.