Interested home buyers know very well that homeownership needs effort, preparation, sacrifice, and a lot of patience. The road to becoming a homeowner comes with different challenges or hurdles. Each one needs to be overcome before the milestone actually comes true. Qualifying for a mortgage is not only limited to securing all the necessary documents […]
Creditworthiness Matters: Why Keeping Good Credit Is Important
Keeping good credit is quite relevant in today’s society especially when you’re making great purchases or investments. However, building your credit will not take a day. It requires hard work to prove your own creditworthiness. You also have to keep in mind that it’s up to you to make yourself creditworthy. You need to put […]
Getting a Mortgage: How Can You Increase Your Chance of Approval?
Buying a home is probably one of the biggest decisions you’re going to make. So you’re definitely going to try and score the best mortgage financing option available. However, getting a mortgage can get complicated especially if it’s your first time. You’ll have to deal with a lot of things at every stage of the […]
Can You Be Considered As a Good Candidate for Non-qualified Loans?
For borrowers that couldn’t meet the guidelines for Qualified Loans, many look out for other options to get financing to buy a home. That’s where non-qualified loans come into the picture. These home loans are perfect for borrowers that have unique situations. And in order to fully understand the ins and outs of this mortgage […]
Understanding The Crucial Role Of Debt-To-Income Ratios
It’s something lenders usually look into in every loan application. Your debt-to-income ratio plays an important role in getting an approval for your application. Aside from having a credit score requirement, proof of employment, proof of income, and some others, your DTI ratio is usually part of the equation for your loan approval. Why is […]
Do You Know When’s the Right Time to Purchase a Home?
When it comes to buying a home, timing can be everything. Since this is something that requires careful planning, you need to know if you’re ready to take on the financial responsibility that comes with it. However, the question is: Are you ready to purchase a home for yourself? Your answer may depend on your […]