Are you ready to buy a home but aren’t sure how much loan you can obtain? If you want USDA financing, you can go through the pre-approval process. It’s quick and painless, plus it helps you save time when you actually do find a home.Looking for Current Mortgage Interest Rates? Click … Continue about What You Must do to Get Pre-Approved for a USDA Loan
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Buying a Home
Should you Include an Appraisal Contingency Clause in Your Purchase Offer?
When you buy a home, it’s often a good idea to include some contingencies in the purchase contract. These contingencies protect you should something go wrong after you sign the contract. They give you … Continue about Should you Include an Appraisal Contingency Clause in Your Purchase Offer?
How a Home Inspection Differs from an Appraisal
When you apply for a mortgage, you’ll likely hear the lender throw around a couple of different words including appraisal and inspection. They sound like they could be one in the same, right? Wouldn’t … Continue about How a Home Inspection Differs from an Appraisal
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What You Must do to Get Pre-Approved for a USDA Loan
Are you ready to buy a home but aren’t sure how much loan you can obtain? If you want USDA financing, you can go through the pre-approval process. It’s quick and painless, plus it helps you save time when you actually do find a home. Looking for Current Mortgage Interest Rates? Click Here. Before we […]
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 […]
The Drive-By Appraisal Defined
Some borrowers are lucky enough to find a lender that requires just a drive-by appraisal rather than a full appraisal. This typically happens during a refinance rather than a purchase. Just what is the difference? Keep reading to find out more. Compare Offers from Several Mortgage Lenders. The Characteristics of the Drive-By Appraisal As the […]
Is it Worth it to Pay Extra Principal on Your Mortgage?
Do you make only the minimum mortgage payments each month? Did you know that you can make extra payments towards the principal when you can? Compare Offers from Several Mortgage Lenders. Many people aren’t aware that they have the option to make extra principal payments. You can do so as little or as much as […]
How Much Does FHA Mortgage Insurance Cost in 2018?
If you want FHA financing, you’ll have to pay FHA mortgage insurance. This insurance protects the lender should you default on the loan. The FHA requires both upfront and annual mortgage insurance for each of its loans. It doesn’t matter how much you put down on the home or how much you owe, you will […]
How Can You Get Out of a Joint Mortgage?
You own a home jointly with another person and now you want out of it. You can’t just walk away and wash your hands of the obligation, though. You are legally obligated to the debt until it’s paid in full. If you want out sooner, you’ll have to take these important steps. Compare Offers from […]
The Top Ways to Avoid Mortgage Lender Runaround
Once you secure your mortgage, your relationship with your lender is far from over. In fact, it’s just starting. This is why it’s important to choose a lender that you trust and that you work well with because you could be dealing with them for another 30 years. Compare Offers from Several Mortgage Lenders. What […]
What’s the Ideal DTI for VA Financing?
If you are eligible for a VA loan, you have a great loan program at your disposal. Not only do you get 100% financing, but you also get access to flexible underwriting guidelines. Compare Offers from Several Mortgage Lenders. Unlike other loans in the industry, the VA loan has relaxed guidelines for just about every […]
The Good and Bad Sides of the VA Cash Out Refinance
Refinancing your VA loan to tap into your home’s equity is possible with a VA cash out refinance. In fact, you can borrow up to as much as 100% of your home’s equity with a VA loan. Is it worth it though? Compare Offers from Several Mortgage Lenders. As with any refinance, there are pros […]