It’s your right to dispute something that isn’t accurate on your credit report, but what happens when you apply for a mortgage. Will you be able to get the mortgage?Compare Offers from Several Mortgage Lenders.Unfortunately, credit disputes are red flags to lenders. A disputed account could … Continue about Can Credit Disputes Affect Your Mortgage Eligibility?
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Buying a Home
What is the Freddie Mac First Look Initiative?
When Freddie Mac takes possession of a home that foreclosed, they put it in their HomeSteps program. This sales unit, operated by Freddie Mac, markets and sells the home for Freddie Mac. Before the … Continue about What is the Freddie Mac First Look Initiative?
Can You Buy a House Without a Social Security Number
Are you looking to buy a home in the United States, but you don’t have a social security number? It may be easier than you think to settle here in the U.S. Rather than a social security number, you … Continue about Can You Buy a House Without a Social Security Number
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Can Credit Disputes Affect Your Mortgage Eligibility?
It’s your right to dispute something that isn’t accurate on your credit report, but what happens when you apply for a mortgage. Will you be able to get the mortgage? Compare Offers from Several Mortgage Lenders. Unfortunately, credit disputes are red flags to lenders. A disputed account could mean that you’ll have more liabilities than […]
What’s the Lowest Credit Score Allowed on an FHA Loan?
The FHA loan makes it easy for borrowers to secure funding even if they don’t have perfect credit. Unlike the conventional loan program, which requires at least a credit score of 680, you can get an FHA loan with a much lower credit score. Just how low can your credit score get for you to […]
What are the Alternatives to the FHA 203K Loan?
If you want to buy a house that is run down and won’t pass an appraisal, you probably think of the FHA 203K loan as an option. This loan program gives you the funds to purchase and renovate a home so that it will pass the FHA appraisal. You can even make cosmetic changes to […]
The Top Reasons You Should Buy Less Home Than you Qualify For
You got your loan preapproval and you can’t believe how much you can borrow! You are already dreaming of the perfect house that you are going to buy – you have it all pictured now. Before you do, you may want to consider buying less home than you can afford. We know that sounds like […]
Is it Possible to Get a Conventional Loan After Foreclosure?
You lost your home in foreclosure so you assume that you won’t qualify for a conventional loan anytime soon, right? We have good news for you – it is still possible to get a conventional loan and you may not have to wait as long as you thought. Today, Fannie Mae guidelines allow you to […]
Fannie Mae HomePath: Are Investors Eligible?
When homeowners default on their Fannie Mae loans, Fannie Mae takes possession of the homes. Fannie Mae doesn’t want to keep these homes on their books, though. The idea is to sell the homes and make back as much of the money as they can on it. Looking for Current Mortgage Interest Rates? Click Here. […]
Do You Pay Taxes on Proceeds From a Cash-Out Refinance?
If you need to get your hands on some cash and you have home equity, you may consider a cash-out refinance. While you may enjoy the funds, when tax time rolls around, you may find yourself wondering if you have to include the proceeds from your cash-out refinance on your tax return. Looking for Current […]
What Options do you Have for Alternative Home Financing if You Have Poor Credit?
If you don’t have very good credit, or even if you have poor credit, you may still have options for home financing. Many people mistakenly believe that you have to have ‘perfect credit’ in order to get a home loan. Today that is not the case – you just have to do a little legwork […]
What is the Freddie Mac First Look Initiative?
When Freddie Mac takes possession of a home that foreclosed, they put it in their HomeSteps program. This sales unit, operated by Freddie Mac, markets and sells the home for Freddie Mac. Before the home is available to the general public, though, Freddie Mac offers the First Look Initiative. This program allows owner-occupied borrowers to […]
Is it Time to Refinance Your Subprime Mortgage?
If you took a subprime mortgage because you had a low credit score, high debt ratio, or some other reason that kept you from getting a mortgage, you may wonder if you can get out of it at some point. The truth is that if you work hard, you probably can get out of a […]