Getting Mortgage Approval After Loan Modification
Many homeowners faced financial hardships during the recession. Loan modifications were and still are a way for homeowners to hold on to their home instead of losing it in foreclosure. If you are in the middle of a home modification or have had an approved...What is Debt to Income Ratio?
In the mortgage industry there are a lot of big words and terminologies being thrown around and while those that are familiar with the industry understand completely, most of the general public is left scratching their heads. So what is this term “debt to income...Understanding Debt and What Your Options Are
Debts: Understanding Your Options and How You Could Benefit from Freedom Financial Are you drowning deep in debt? Well, it’s a fact that a lot of us—at some point in our lives—find ourselves financially indebted to someone. The sad truth is that debt repayment...10% Down Payment on Jumbo Loan
Is a 90% loan to value jumbo loan right for you? If you are in the market for a home that is above $700,000 purchase price, a traditional loan might not be the best option. In this case, a jumbo loan is really what you want. Jumbo loans don’t fall into the same...Pros and Cons to the 15-Year Mortgage
Whether you are considering a 15-year mortgage as a first-time loan or as a refinance, there are pros and cons to the setup. Let’s first talk about a brand-new mortgage. Let’s say you are considering a $300,000 loan and a 30-year mortgage. This loan will...
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...Buying Your First House After 60
It doesn’t happen often that there are circumstances that make it impossible for people to buy a home before 50 or 60 years old. Perhaps they’ve been in the military and have relocated most of their life or they have preferred to rent, letting someone else take care...100% Paper-Free Mortgage Applications?
Getting approved for a mortgage could get a whole lot easier! If you’ve ever financed a car you know how much paperwork there is, well, buying a house means quadruple that paperwork. There literally is a paper to sign stating that you’ve signed the...Should I Go With the Builders Lender?
I’ve worked with several buyers over the years who after talking with the lender on-site at a new development have decided to go with the builder’s lender rather than myself. You can imagine how frustrating that can be, but, that goes with anything. In any...
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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.