If you have an FHA loan and are in need of money, you may be eligible for an FHA cash out refinance. This loan enables you to take cash out of the equity of your home. This means that you will have a mortgage with a higher loan-to-value ratio and higher payment, but you will have more cash in your hand to do with as you see fit. Many people tap into their equity in order to … [Read more...] about How to Obtain an FHA Cash Out Refinance
After you save up enough money to buy a house, it’s easy to rush out and start looking. But don’t be so hasty. Choosing the right timing can help you get the best deal on a home. Since this is probably one of the largest investments you’ll make in your lifetime, it’s worth knowing the right timing to save the most money.Get Matched with a Lender, Click Here. Buy When Other … [Read more...] about When is the Best Time of Year to Buy a House?
The internet provides a wealth of information for home sellers and buyers today, including what Zillow calls ‘Zestimates’ or estimated home values. Are Zillow home estimates accurate? Should you rely on them when bidding on a home or pricing your home to sell?Get Matched with a Lender, Click Here.Keep reading to learn about Zillow’s accuracy. What is Zillow? First, … [Read more...] about Are Zillow Home Estimates Accurate?
Your bank statements play an important role in getting a mortgage. Whether you need to prove that you have the funds to close on the loan or you need to prove that you have reserves on hand, your bank statements are an important part of the underwriting process.Compare Offers from Several Mortgage Lenders.So what can you do to make sure that underwriters approve your … [Read more...] about The Top Ways to Get Underwriters to Approve Your Bank Statements
You needed ‘good’ credit when you applied for your mortgage to buy your house, now you want to tap into its equity. Do you still need good credit?Looking for Current Mortgage Interest Rates? Click Here.The answer is ‘yes.’ Lenders want a ‘good’ credit score in order to ensure that you’ll make your payments on time. Taking cash out of the equity in your home means that … [Read more...] about Can You Get a Cash-Out Refinance With Bad Credit?