Buying a house doesn’t mean you have to be represented by a real estate agent. Some people just prefer to handle things on their own. Even though a real estate agent may have access to listings sooner or can handle your offer for you, it’s still doable on your own.Before you set out to bid on your dream home, though, know the steps of making a correct offer so that you … [Read more...] about How to Make an Offer on a House without an Agent
Fixing up your home or a home you want to buy can be expensive. What happens if you don’t have the cash lying around to do it? Are you stuck with a home equity loan or expensive personal loan? Fortunately, Fannie Mae, the guarantor of conventional loans, offers a rehab loan. The Fannie Mae HomeStyle loan helps you purchase or refinance a home while getting funds to make the … [Read more...] about What is the Fannie Mae HomeStyle Loan?
Loans higher than the conforming loan amount of $484,350 are considered jumbo loans. These loans typically sit on a lender’s own books and lenders have their own guidelines for them. Among those guidelines are high down payment requirements. Today, however, many lenders allow down payments as low as 5% even on a jumbo loan.Get Matched with a Lender, Click Here.The … [Read more...] about Is it Possible to Get a Jumbo Mortgage With a 5% Down Payment
The Tax Cut and Jobs Act changed the way taxpayers take deductions. What used to be a common deduction became obsolete. Many of these changes had to do with the mortgage industry. Suddenly it wasn’t a given that you could deduct your mortgage interest. So where does that leave home improvement loans? Are you able to deduct their interest on your taxes?Get Matched with a … [Read more...] about Can you Deduct Home Improvement Loans on Your Taxes?
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