How many hours do you need to work to pay a mortgage in Seattle? Is it the same in Memphis? Which cities are the most expensive and most affordable to get a home? Our perspective on work changes when we convert the dollar equivalent of our time. This is the idea behind a recent analysis conducted … Continue about How Many Hours Do You Need to Work to Pay Your Mortgage?
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Buying a Home
Life Hacks to Get Approved of a Mortgage Fast
Everybody is searching for the best mortgage. In order to find the best one, you have to allot not only money but time as well.A loan process, from application to closing, may take quite some … Continue about Life Hacks to Get Approved of a Mortgage Fast
Should You Buy a FSBO Home?
Not every home for sale is listed by a realtor. Many homeowners decide to try for sale by owner (FSBO). This way they don’t have to share the profits. Since it’s up to the seller to pay the real … Continue about Should You Buy a FSBO Home?
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How Many Hours Do You Need to Work to Pay Your Mortgage?
How many hours do you need to work to pay a mortgage in Seattle? Is it the same in Memphis? Which cities are the most expensive and most affordable to get a home? Our perspective on work changes when we convert the dollar equivalent of our time. This is the idea behind a recent analysis […]
Life Hacks to Get Approved of a Mortgage Fast
Everybody is searching for the best mortgage. In order to find the best one, you have to allot not only money but time as well. A loan process, from application to closing, may take quite some time. Other times, this will be stretched much longer if you get denied of the loan and have to […]
Why is Mortgage Lending Not Yet Fully Digitized?
What is tech disruption and how is it changing the mortgage lending landscape? Technological disruption has been a key market driver that has aided many industries in surviving and adapting to the needs of business professionals and their clients in the 21st century. Innovative solutions in transportation from ride sharing apps to the Hyperloop […]
Exploring Alternative Sources for Down Payment
You are ecstatic to finally purchase your own house. Mortgage rates are at their lows and you have found a property that’s reasonably priced. You check your cash on hand to pay the down. You immediately back out. You simply do not have the money. Many have gone through a similar situation. They had to […]
VA, Ginnie Mae Form Task Force to Resolve Veteran Refinance Issues
The Department of Veterans Affairs and Government National Mortgage Association (Ginnie Mae) recently revealed information about their newly formed task force in light of current issues surrounding VA refinance loans. Formally known as the Joint Ginnie Mae – VA Refinance Loan Task Force, it will address critical issues such as churning and repeated refinancing with […]
Living Free and Clear of Mortgage the Good and the Not-so-good
It is every American’s dream to be free of debt, most especially mortgage debt. To some people being mortgage-free seems too impossible. However, it can be very achievable to be free and clear of a mortgage. According to a report released by the Orange County Register, census statistics have shown that there were over 27.7 […]
How to Secure Yourself from Phishers
The FTC has issued a public warning against malicious email attacks by hackers, also known as phishers, who can lure buyers into wiring their down payment money into a wrong account. In the 21st century, information is king. Data is a weapon that can be used to gain profit or spread influence. That is why […]
Get a Mortgage With FHA’s Flexible Requirements on Employment
FHA home loans have been a go-to option for many interested home buyers because of their attainable guidelines and low down payment requirements. But one thing that sets this program apart is that they have flexible requirements when it comes to your employment. But keep in mind that when you get a mortgage through the […]
House Okays Private Flood Insurance Bill, Senate Reserves It for NFIP Reform
The House of Representatives recently voted in favor of a legislation that allows the use of private flood insurance policies as an alternative to the federal National Flood Insurance Program (NFIP). If enacted, the private flood insurance is deemed to satisfy mortgage lenders’ requirements in areas at high risk of flooding. However, the Senate struck […]
Everything You Need to Know About Shared Equity Mortgage
Whether it’s your first time to buy a home or not, mortgage borrowers know that the whole home buying process is a challenge. From your home loan application to house hunting, it’s definitely not an easy road to take. But a lot of borrowers would agree that saving enough money for a down payment is […]