You find out that you don’t qualify for a conforming loan. The lender tells you that you have a better chance look at non-conforming loans. What exactly does that mean and why did this happen?Compare Offers from Several Mortgage Lenders.First, we want you to know it’s not a bad thing. You are not automatically going to pay inflated interest rates or closing fees. It’s … [Read more...] about Common Reasons for Needing a Non-Conforming Mortgage
How Much Home Can You Really Afford?
You know you want to buy a home and you are excited to see just how much loan a lender will let you borrow. You anxiously wait for that preapproval letter so that you can go out and buy the biggest and most beautiful house you can find.Compare Offers from Several Mortgage Lenders.Before you do this, stop and think. While taking the full loan amount a lender offers might … [Read more...] about How Much Home Can You Really Afford?
Five Reasons to Purchase a New Home Over a Resale
A new home costs more money than a resale in many cases, so why would anyone opt for the more expensive home? There are many reasons that you may want to consider the purchase of a new construction home rather than one that’s been lived in already.Compare Offers from Several Mortgage Lenders.Aside from the fact that it’s brand new, there are five other reasons you may … [Read more...] about Five Reasons to Purchase a New Home Over a Resale
Easy Guide to Financing Solar Roof for Your Home
If you’ve decided to take the plunge and add a solar roof to your home, you’ll have to pay for it. Unless you have the cash lying around, you may need financing. Today because ‘going green’ is so common, many more lenders are offering financing options.Looking for Current Mortgage Interest Rates? Click Here.You can choose between a secured and an unsecured loan. We’ll … [Read more...] about Easy Guide to Financing Solar Roof for Your Home
All About Home Loans for Teachers
Teachers shape the children that will be our tomorrow. They work hard day and night not only to educate but also to enlighten children on how to become responsible adults. Today, teachers are known as heroes. They do so much for the community that they deserve something for it. Luckily, there are many home loans for teachers that have benefits other borrowers would not … [Read more...] about All About Home Loans for Teachers