If you opt for government-backed financing, such as the FHA loan, you are going to pay mortgage insurance. It’s not the same insurance you pay on a conventional loan, though. The mortgage insurance you pay on an FHA loan is for the life of the loan. Compare Offers from Several Mortgage Lenders. Luckily, there are a couple of ways around paying it for life. We show you … [Read more...] about How Long Does PMI Last on FHA loans?
How is Conditional Approval Different From Pre-approval?
Getting pre-approved before you shop for a home is the best thing you can do to boost your chances of winning the bid. Would a conditional approval be better, though? They sound the same, but are they? Compare Offers from Several Mortgage Lenders. Realistically, a conditional approval and a pre-approval are different. They have the same basis, but the conditional approval is … [Read more...] about How is Conditional Approval Different From Pre-approval?
Can You Buy a House with Bad Credit?
If you have bad credit, it doesn’t have to keep you from buying a home. Many lenders offer programs for people just like you. With the following steps, you can make the American Dream of owning a home part of your reality. Get Matched with a Lender, Click Here. Increase Your Credit Score The first step is obvious. You should try to increase your credit score as much as you … [Read more...] about Can You Buy a House with Bad Credit?
Property Assessed Clean Energy Programs
Are you considering making energy improvements to your home? You aren’t alone. As a matter of fact, there is a government program that helps you do just that. It’s called the PACE or Property Assessed Clean Energy program. Get Matched with a Lender, Click Here. The program provides borrowers with the money to make clean energy changes to their home. Homeowners then pay the … [Read more...] about Property Assessed Clean Energy Programs
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 when you are self-employed. They need to … [Read more...] about What do Lenders Look at on Self-Employed Income?