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
After the housing crisis, subprime lenders seem to go by the wayside. It was rare to find a lender willing to write a subprime loan. Fast forward to today and you’ll find numerous lenders vying for your subprime business. How do you choose the best subprime lender, though?Compare Offers from Several Mortgage Lenders.Keep reading for helpful tips on how to make sure that … [Read more...] about How to Choose the Best Subprime Lender
It’s your right to dispute something that isn’t accurate on your credit report, but what happens when you apply for a mortgage. Will you be able to get the mortgage?Compare Offers from Several Mortgage Lenders.Unfortunately, credit disputes are red flags to lenders. A disputed account could mean that you’ll have more liabilities than report on the credit report at the … [Read more...] about Can Credit Disputes Affect Your Mortgage Eligibility?
The FHA loan makes it easy for borrowers to secure funding even if they don’t have perfect credit. Unlike the conventional loan program, which requires at least a credit score of 680, you can get an FHA loan with a much lower credit score. Just how low can your credit score get for you to qualify?Looking for Current Mortgage Interest Rates? Click Here. The Minimum FHA Credit … [Read more...] about What’s the Lowest Credit Score Allowed on an FHA Loan?
If you want to buy a house that is run down and won’t pass an appraisal, you probably think of the FHA 203K loan as an option. This loan program gives you the funds to purchase and renovate a home so that it will pass the FHA appraisal. You can even make cosmetic changes to the home if there’s room in the loan. What if you don’t want the FHA 203K loan, though? Are there other … [Read more...] about What are the Alternatives to the FHA 203K Loan?