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 Steps to Buying a House With Bad Credit
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 … [Read more...] about Is a Conditional Approval the Same as a Pre-Approval?
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 to Avoid Paying PMI With an FHA Loan
If you are buying a home and it’s located in a ‘high risk area for termites,’ you may want to pay for a termite inspection. We know that buying a home and paying for the closing costs on the loan can get costly, but the termite inspection can save you a lot of money down the road.Get Matched with a Lender, Click Here.Typically, the termite inspection costs between $75 … [Read more...] about How Much Does a Termite Inspection Cost?
Are you trying to make home renovations, but you don’t have the available cash? If you don’t qualify for a traditional home equity loan, the FHA Title 1 Home Improvement Loan may be a good option. This FHA loan provides funds for home renovations to homeowners that don’t have any equity in their home.Looking for Current Mortgage Interest Rates? Click Here.You must be a … [Read more...] about FHA Title 1 Home Improvement Loan Guide