Stated income loans haven’t gone away totally, as some people mistakenly believe. While you won’t find them offered by every lender today, there are some that still offer it. Before you decide which loan option is right for you, it’s important to understand the different requirements of the two … Continue about Standard and Stated Income Loans: What’s the Difference in Guidelines?
Main Content
Buying a Home
House or Condo: Which Should you Buy?
You know you are ready to become a homeowner, but have you given it careful thought? Have you thought about not only where you want to live, but also what type of property you want to purchase? This … Continue about House or Condo: Which Should you Buy?
Can a Purchase Price be Higher Than the Appraised Value?
You found the home you want to buy, but find out that the appraised value is less than you bid on the home. Are you out of luck or can you still buy the home?Compare Offers from Several Mortgage … Continue about Can a Purchase Price be Higher Than the Appraised Value?
Posts
Standard and Stated Income Loans: What’s the Difference in Guidelines?
Stated income loans haven’t gone away totally, as some people mistakenly believe. While you won’t find them offered by every lender today, there are some that still offer it. Before you decide which loan option is right for you, it’s important to understand the different requirements of the two loans. Compare Offers from Several Mortgage […]
How to Get a Free Copy of Your Credit Report
Did you know that you should check your credit report at least once a year? Did you also know that you can get a free copy of your credit report from each of the three credit bureaus? Technically, this means that you can get a copy of your credit report three times. You can do […]
How Much of the VA Loan Does the VA Guaranty?
The VA guarantees loans. This is how VA lenders are able to give you a loan with no down payment without requiring crazy hard requirements. In fact, the VA has some of the most relaxed requirements of any loan program today. The VA guarantees the loans in an effort to encourage VA lenders to provide […]
How High can Your DTI be for VA Loans?
Most loan programs today look closely at your debt ratio. They want to make sure that you aren’t over committing your finances. For example, conventional loans have debt ratios of 28% for your housing ratio and 36% for your total debt ratio. VA loans, though, don’t have such specific ratios. While they have a maximum […]
House or Condo: Which Should you Buy?
You know you are ready to become a homeowner, but have you given it careful thought? Have you thought about not only where you want to live, but also what type of property you want to purchase? This is not a one-size-fits-all transaction. Each person will have a different reason for the type of property […]
Does the VA Only Allow Fixed Rate Loans?
The VA, like many other loan programs, offers a variety of loan options including the fixed rate and adjustable rate loans. Since you have the option, you’ll have to decide which type of loan works best for you. Looking for Current Mortgage Interest Rates? Click Here. We help you discover the questions to ask yourself […]
Can a Purchase Price be Higher Than the Appraised Value?
You found the home you want to buy, but find out that the appraised value is less than you bid on the home. Are you out of luck or can you still buy the home? Compare Offers from Several Mortgage Lenders. The answer is tricky, but we help you understand how the process works below. […]
Are There Taxes When you Sell a Home?
If you’ve decided to sell your home, you have some closing costs to consider. You don’t get to walk away with the full amount of the sales price. You’ll have fees you have to pay to the county and realtor. You may also have some tax liability, although it’s rare. Compare Offers from Several Mortgage […]
Can you Buy a Home With Your Fiancé Using a VA Loan?
Veterans have the ability to secure 100% financing to buy a home. That’s great news for veterans just getting out of service that don’t have money to put down on a home. But what if a veteran wants to include a co-borrower, such as a fiancé? Will the VA Allow it? Looking for Current Mortgage […]
The Loan Limits for Government-Backed Mortgages in 2019
Each year, the government-backed mortgages have different loan limits. Understanding these limits can help you determine how much you may be eligible to borrow whether to purchase or refinance your home. Looking for Current Mortgage Interest Rates? Click Here. This year, loan limits jumped just short of 7%, similar to last year’s increase. This is […]