This Article Is About Step By Step House Shopping Process And Qualifying For Mortgage After a home buyer has gone through a solid pre-approval mortgage process it is now to look for a home. Not just window shopping but the real deal. It is time to hire a real estate agent and go shopping for…
How to Qualify for a Mortgage with W2 Income If you are a W2 employee, you may think that qualifying for a mortgage is easy. After all, you have a steady income and a regular paycheck that shows your earnings. However, depending on your situation, you may face some challenges when applying for a home…
Applying for a home mortgage can be daunting, especially for first-time home buyers. It involves a lot of research, paperwork, and financial planning. To help you navigate this process, we have compiled a list of dos and don’ts you should remember when applying for a home mortgage. DOs: Do your research first: Before applying…
In this article, we will discuss and cover the steps in mortgage application process leading to closing. Understanding the steps in mortgage application process can seem overwhelming to those unfamiliar with the mortgage industry and the mortgage loan process. Often borrowers enter into the steps in mortgage application process without ever knowing what steps or…
How much should you offer when you know there are other interested buyers? Your lender will base your maximum loan amount on the appraised value or purchase price, whichever is lower. So you can’t offer more than the property value. If you can’t pay cash, get a preapproved mortgage and attach your approval to your offer….
This ARTICLE On Your Checklist To Qualify For A Mortgage To Start Mortgage Was PUBLISHED On October 8th, 2019 Congratulations, you’ve decided to buy a home! Buying a home is an intimidating process for many people for a variety of reasons, like figuring out your mortgage options. Mortgage requirements come with a costly learning curve….
This Article Is About Lower Mortgage Rates Due To The FED Announcing Lower Interest Rates Homeowners who closed their mortgage loans in 2018 should be looking forward to refinancing in 2019. Mortgage Rates in 2018 has been the highest since the 2008 Great Recession and Real Estate Crash Many homeowners who closed their home loans…
This BLOG On Home Purchase After Bankruptcy And Foreclosure Was UPDATED On December 10th, 2018 The real estate and credit collapse of 2008 has affected millions of homeowners. The burst of the housing bubble not only set records in foreclosures but also affected many American workers with massive layoffs Many business owners either went out of…
This BREAKING NEWS ARTICLE On Suburban Housing Boom Leaves Cities Scrambling To Meet Deficit Suburban Housing Boom may be the new way for the future. More and more first-time homebuyers prefer buying their homes in the suburbs than in the city Never in history has the out-migration numbers of people moving out of Chicago been…
Co-borrowers are people who will basically be co-signing for the borrower. Non-Occupant Co-Borrowers will not be occupying the property but co-signs so main borrower qualifies for the mortgage with regards to income. The main borrower can get a non-occupant co-borrowers if the main borrower is the following: self-employed cannot qualify due to little income no…
This guide covers cash-out refinance mortgage loan eligibility guidelines. Government and Conventional loans offer cash-out refinance mortgage loan programs. Home values have been skyrocketing during the past few years where many homeowners are sitting on substantial equity in their homes. HUD, the parent of FHA allows up to an 80% LTV on cash-out refinance mortgage…
This BLOG On Mortgage Payment For New Homeowners And Understanding Statement Was UPDATED On May 13th, 2019 Once home buyers have closed on their purchase home loan or refinance loan, they will start getting monthly mortgage statements. Borrowers will be needing to pay monthly housing payment. Days of providing documents to mortgage lenders are over No…
In this blog, we will cover the Benefits of Being a Homeowner versus Renter and the mortgage process. The American dream is still being a homeowner. A home purchase is normally one’s largest and single biggest investment. There are many benefits being a homeowner versus renter. Many renters do not realize how simple it is…
This guide covers renovations after purchase by homeowners. You have purchased your home, and you are done moving in. All the boxes have been unpacked, and you are settling in nicely; what is there to do now? Slowly but surely, it is time to spend more money. It isn’t on repairs. Instead, it is on…
This guide covers the best wholesale mortgage lenders for non-QM and qualified loans. What makes a wholesale investor the best wholesale mortgage lender? What makes wholesale mortgage lenders the best of the best? No two wholesale mortgage lenders are the same. If push comes to shove, many mortgage professionals would rather choose an A-tier wholesale…