Bank Statements are the New Stated Income Loan

Bank Statements are the New Stated Income Loan

Back in 2007 and 2008 during the subprime mortgage bust, stated income mortgages were a thing, but they tended to get people into a lot of trouble and made it possible to buy homes they really couldn't afford. But, with a little bit of finesse, revising, and a lot of...

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What You Need to Be Ready for Your Home Loan Application

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...

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What Are Some Low Down Payment Mortgage Options?

What Are Some Low Down Payment Mortgage Options?

For first-time homebuyers or those with not a lot of down payment, you might be looking for options for a mortgage. Are there options that provide either zero or low down payment alternatives? If you can't come up with a 10% or 20% down payment, as most first-time...

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How Will the Government Shut Down Affect Mortgages?

How Will the Government Shut Down Affect Mortgages?

Here we are several days into a government shutdown and many people are wondering what impact that will have on real estate, the housing market, and the mortgage process. For many people, dealing with the government shutdown interrupts our life in several ways and can...

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How to Determine Fair Market Value

One of the key questions that potential sellers typically ask an agent is, “What is the market value of my home?” Determining fair market value requires experience, knowledge, and honesty in finding accurate comparable sales. In answering this question, I attempt to...

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