Scraping together money for down payment is one of the most common challenges American homebuyers have today. It can be hard to come up with a down payment for a home when, ideally, it has to be around 20 percent of the property's purchase price.Typically, a 20 percent down payment is necessary to have an attractive mortgage offer. It can significantly reduce the mortgage … [Read more...] about Is a Silent Second Mortgage Legal?
This Year, It’s Time You Correct Your Credit
Eating healthier, staying active by finally going to the gym, and trying to have more time for yourself and family. Perhaps these are the improvements that you want to work on in 2018. That's great but there’s one more important thing we thought you might consider focusing more on this year — your credit.Why is Good Credit Important? When you apply for any type of … [Read more...] about This Year, It’s Time You Correct Your Credit
Is a House a Measure of Success?
As an adult, you might have found yourself asking this very common question: “How successful am I in my life so far?”There are many different ways to answer this question; each answer highly personal. Every individual has his or her own definition of success and may devise different ways of achieving it. New Year, New Realizations It’s January, the first month of the new … [Read more...] about Is a House a Measure of Success?
Here’s What You Can Do to Speed Up Your Mortgage Approval
Mortgage approval is a step-by-step process that may take anywhere from several weeks to a couple of months. The lender needs ample time to scrutinize and gather all the necessary papers, examine your application and check if you can handle a mortgage.The process follows a fairly consistent and standardized structure. This is why it is easy to estimate a timeline for a … [Read more...] about Here’s What You Can Do to Speed Up Your Mortgage Approval
Is it Wise to Buy a Pre-Foreclosure Property?
If you're looking for an affordable property to buy, you can take a look at pre-foreclosure homes for sale. To many, buying a pre-foreclosure property is a pretty good deal.However, a buyer must look at both the potential benefits and pitfalls of purchasing this property before inking on the dotted lines. What is a pre-foreclosure? In the foreclosure process, the borrower … [Read more...] about Is it Wise to Buy a Pre-Foreclosure Property?