After the housing crisis, the Obama Administration offered a first-time homebuyer credit, which helped first-time homebuyers afford a home. Unfortunately, the credit stopped in 2010, but there are other mortgage assistance programs that help make homeownership more affordable.Get Matched with a Lender, Click Here. What Was the First Time Homebuyer Credit? The first-time … [Read more...] about What is the First-Time Homebuyer Credit?
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?
Don’t make the mistake of getting so excited about buying a home/getting a mortgage that you commit some of the top mortgage mistakes. A mortgage is a big undertaking that has strict requirements. Knowing what you need to do and how to do it can help you have a smooth process.Compare Offers from Several Mortgage Lenders. Mistake: Not Educating Yourself About … [Read more...] about The Top 6 Most Common Mortgage Mistakes to Avoid