It’s a common myth that the self-employed cannot secure a mortgage. That’s not true today. Many lenders and/or mortgage programs make it easy for the self-employed to get a mortgage. Looking for Current Mortgage Interest Rates? Click Here. It all comes down to reliability and consistency. These … Continue about What do Lenders Look at on Self-Employed Income?
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Buying a Home
For Sale by Owner (FSBO): How to Get the Best Deal
If there’s one thing most homebuyers have in common, it’s wanting to get the best deal on a home. Buying a for sale by owner or FSBO home is no exception. The difference is, though, that you are on … Continue about For Sale by Owner (FSBO): How to Get the Best Deal
Who Pays Realtor Fees?
Realtors earn a commission when they sell a home. Whether the realtor represents the buyer or the seller, he or she earns money. But who pays those fees? If the buyer doesn’t have a realtor, but the … Continue about Who Pays Realtor Fees?
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What do Lenders Look at on Self-Employed Income?
It’s a common myth that the self-employed cannot secure a mortgage. That’s not true today. Many lenders and/or mortgage programs make it easy for the self-employed to get a mortgage. Looking for Current Mortgage Interest Rates? Click Here. It all comes down to reliability and consistency. These are the same two factors lenders look at […]
What Affects the Market Value of Your Home?
Buying a home requires a lot of patience and research. How do you know if the seller is asking a fair price for the home? Before you buy it, you should know what affects the market value of a home as well as how you can find out about how much the home may be […]
What to Do Before Your VA Loan ARM Adjusts
Allowing your ARM, or adjustable-rate mortgage, to reset could be a tough financial choice. It depends on where rates are at when your mortgage rate adjusts. Some people get lucky and their rate stays the same or even lowers. Others are not as lucky and end up paying a much higher rate when they least […]
Reusing VA Loan Benefits
Did you know the VA allows certain veterans to hold two VA loans at once? While it’s not the norm, it is possible if you meet specific requirements. Essentially, the VA loan is for owner-occupied properties only. It’s a program that helps veterans secure home financing without needing a lot of money for a down […]
VA IRRRL Net Tangible Benefit Policy About Interest Rates
Veterans have the benefit of securing 100% financing for a home purchase. They also have the benefit of the streamlined refinance program once they have a VA loan. In order to qualify for a VA IRRRL, you must have timely mortgage payments and have a net tangible benefit for the refinance. Many people believe this […]
Income and Asset Verification During VA Loan Process
Veterans have the great benefit of securing 100% financing for their home purchase. The loan provides simple guidelines and much flexibility. Many people wonder, though, just what is the verification process for income and assets? Does it work the same as other programs? Looking for Current Mortgage Interest Rates? Click Here. We take a look […]
Cash-Out Refinancing: Is it Possbile with an IRRRL?
If you are a veteran with a VA home loan, you have the benefit of refinancing with the IRRRL program. The Interest Rate Reduction Refinance Program has one objective – to help make your payment more affordable. The VA doesn’t require lenders to verify any qualifying factors for your loan with the exception of your […]
The Top Questions to Ask Your Lender Before a Refinance
You waited long enough – interest rates are right where you want them so you are ready to refinance. Before you jump in head first, you should ask your lender the following important questions. Looking for Current Mortgage Interest Rates? Click Here. What is the APR? Don’t let yourself get so focused on the interest […]
How Long Does Funding Take After Closing?
The type of real estate transaction you conduct determines when the funding takes place. In most cases, purchase closings fund right at the closing, unless you live in a dry closing state, then it may take a few days. Refinances fund three business days after the closing because you have a ‘three day right of […]
Getting a Fannie Mae Loan for Disabled Individuals
Homeownership is a part of the American Dream. Everyone wants to own one, but if you have a disability, it may be harder for you to achieve that dream. While you may be able to afford a home, finding a home that’s fit to handle your disability is a whole different topic – one which […]