When 2017 kicked in, housing market experts have released their forecasts on how the US housing will be performing. Experts and analysts predicted that there would be rising mortgage rates in 2017. Some of them agreed that it would rise past the 4 percent mark and would even grow beyond 4.5 percent. There was some […]
Before You Affix Your Signature… Pause!
What are contracts? These are written documents which show and prove that there is a voluntary agreement between two or more parties. A contract legally binds these parties with the rights and duties which arise from these agreements and are enforceable by law. Contracts are Important Contracts are used for a variety of purposes. Moreover, […]
Is Negative Amortization Mortgage a Risk Worth Taking?
A negative amortization mortgage loan may not ring a bell for many homebuyers. However, this type of financing is available to those who are looking for an alternative home financing method other than a conventional or a federally-backed loan. It is otherwise known as neg am loan. It falls under the Non-qualified Mortgage category. Mortgages […]
Unconventional Ways to Buy a Home
Buying a home can be an exciting and challenging feat. If you don’t have the ability to pay for it upfront, you may have to think outside the box (and outside your pocket) to be able to make the purchase. Most people prefer taking the common routine in home financing, which is to get a […]
Building Your Future with Home Equity
If you are a serious home buyer, you should know how important it is to build your home equity. Having a strong home equity has a variety of benefits, both in the present and in the future. But if you’re new to the mortgage world, perhaps an eager first-time homebuyer or someone who’s just looking […]
Buying a Home With Bad Credit
We all want to have our own house. That’s the American dream. To achieve that you need a loan. Unless you can pay for the property in full upfront, you will need to get yourself a mortgage. Your credit score is one of the most essential determining factors if you qualify for a home financing or […]
The Good Things Your Get from a Non-Prime Credit Card
It’s amazing how a plastic card can give its holder instance access to credit to buy goods and services. It gives the person the power to purchase almost everything he/she wants. Imagine what you can achieve with a credit card. However, there are certain people who can’t qualify for mainstream credit cards. They are those who […]
Common Mistakes to Look Out for When Refinancing
Now’s a good time for homeowners to refinance their mortgages. Mortgage rates have remained in their historic lows and home values have continued to soar in most areas of the country. It sounds too good to be true, however, we don’t want you to get too excited. While refinancing has many great advantages, it isn’t […]
Which Way Do I Go, QM or Non-QM Lending?
After the decade’s most horrific housing crash, Americans have been more cautious about the kind of loans to get. Scared of not being able to afford the monthly mortgage payments and risking their house to foreclosure, they take what they believe is the only option — QMs. Qualified Mortgages, or QMs, prevent borrowers from taking […]
How Do You Get a Mortgage with Little to No Down Payment?
Many Americans find it hard to afford a mortgage. Many of the young adults decide to move back to their parent’s homes because they think that a house is something that’s way beyond budget. Some struggle with their finances because of the burden they are carrying, called student loans. Other lack enough money in the […]