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 start, you should know that there’s a difference between the … [Read more...] about What You Must do to Get Pre-Approved for a USDA Loan
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 … [Read more...] about What do Lenders Look at on Self-Employed Income?
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 worth.Looking for Current Mortgage Interest Rates? Click Here. The Most Recent Sales The most recent sales in the … [Read more...] about What Affects the Market Value of Your Home?
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 name suggests, the appraiser … [Read more...] about The Drive-By Appraisal Defined
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 you want. As long as you tell the lender where to apply the … [Read more...] about Is it Worth it to Pay Extra Principal on Your Mortgage?