If you have an FHA loan and are in need of money, you may be eligible for an FHA cash out refinance. This loan enables you to take cash out of the equity of your home. This means that you will have a mortgage with a higher loan-to-value ratio and higher payment, but you will have more cash in your … Continue about How to Obtain an FHA Cash Out Refinance
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Buying a Home
When is the Best Time of Year to Buy a House?
After you save up enough money to buy a house, it’s easy to rush out and start looking. But don’t be so hasty. Choosing the right timing can help you get the best deal on a home. Since this is … Continue about When is the Best Time of Year to Buy a House?
Are Zillow Home Estimates Accurate?
The internet provides a wealth of information for home sellers and buyers today, including what Zillow calls ‘Zestimates’ or estimated home values. Are Zillow home estimates accurate? Should you rely … Continue about Are Zillow Home Estimates Accurate?
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How to Obtain an FHA Cash Out Refinance
If you have an FHA loan and are in need of money, you may be eligible for an FHA cash out refinance. This loan enables you to take cash out of the equity of your home. This means that you will have a mortgage with a higher loan-to-value ratio and higher payment, but you will […]
When is the Best Time of Year to Buy a House?
After you save up enough money to buy a house, it’s easy to rush out and start looking. But don’t be so hasty. Choosing the right timing can help you get the best deal on a home. Since this is probably one of the largest investments you’ll make in your lifetime, it’s worth knowing the […]
Are Zillow Home Estimates Accurate?
The internet provides a wealth of information for home sellers and buyers today, including what Zillow calls ‘Zestimates’ or estimated home values. Are Zillow home estimates accurate? Should you rely on them when bidding on a home or pricing your home to sell? Get Matched with a Lender, Click Here. Keep reading to learn about […]
The Top Ways to Get Underwriters to Approve Your Bank Statements
Your bank statements play an important role in getting a mortgage. Whether you need to prove that you have the funds to close on the loan or you need to prove that you have reserves on hand, your bank statements are an important part of the underwriting process. Compare Offers from Several Mortgage Lenders. So […]
Can You Get a Cash-Out Refinance With Bad Credit?
You needed ‘good’ credit when you applied for your mortgage to buy your house, now you want to tap into its equity. Do you still need good credit? Looking for Current Mortgage Interest Rates? Click Here. The answer is ‘yes.’ Lenders want a ‘good’ credit score in order to ensure that you’ll make your payments […]
The Top 6 Most Common Mortgage Mistakes to Avoid
Don’t make the mistake of getting so excited about buying a home/getting a mortgage that you commit some of the top mortgage mistakes. A mortgage is a big undertaking that has strict requirements. Knowing what you need to do and how to do it can help you have a smooth process. Compare Offers from Several […]
How to Choose the Best Subprime Lender
After the housing crisis, subprime lenders seem to go by the wayside. It was rare to find a lender willing to write a subprime loan. Fast forward to today and you’ll find numerous lenders vying for your subprime business. How do you choose the best subprime lender, though? Compare Offers from Several Mortgage Lenders. Keep […]
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 […]