Flipping homes is a great way to make money. You buy a rundown home, fix it, and sell it for much more than you bought it. Some say it’s complicated, but with the right steps, anyone can do it. Keep reading to learn how it’s done. Get Matched with a Lender, Click Here. Figure Out […]
How to Prepare for a Mortgage Pre-Approval
Before shopping for a home, you should get pre-approved. Knowing what you can afford makes you a knowledgeable buyer. Giving the seller proof of your eligibility for a loan makes you an attractive buyer. What does it take to get that pre-approval letter? Looking for Current Mortgage Interest Rates? Click Here. Lenders must verify all […]
Does a Pool Add Value to Your Home?
A cool pool on a hot summer day may seem like a dream come true for you, the homeowner. But do you know how it affects your home value? Many people assume pools increase a home’s value, but that’s not always the case. Get Matched with a Lender, Click Here. The Small Return on Your […]
How to Find a Mortgage When you Have a High DTI
If you have excessive debt but think you can still afford a mortgage, you may have to do a little legwork to find a willing lender. Each loan program has maximum debt ratio requirements, but that doesn’t mean lenders can’t be flexible. Keep reading to learn how to get the high DTI mortgage you need. […]
Do Bank Statement Cash-Out Refinance Programs Exist?
Self-employed borrowers face a serious issue. Lenders need solid proof of income. But for many self-employed borrowers, their tax returns show very little income, or even a loss. How will you ever qualify for a mortgage, let alone a cash-out refinance if you don’t show income? Get Matched with a Lender, Click Here. Fortunately, many […]
Can Assets Help you Get Approve for a Mortgage?
Qualifying for a mortgage means that you can prove that you can afford the payment. As a part of the process, you’ll also have to prove that you have assets. Buying a home requires at least some type of down payment and money to cover the closing costs. Get Matched with a Lender, Click Here. […]
What Underwriters Look for in Bank Statements?
As a self-employed borrower, you may find that qualifying for bank statement loans rather than fully documented conventional loans offers you the best terms on your mortgage. If you own a small business and take hefty deductions on your income tax returns like most people, your true income is not reflected on those returns. This […]
What to Do if You Inherit a House With a Mortgage
Inheriting a house can be exciting, but if it has a mortgage on it, you have certain steps you must take. You’ll need to know the fine print on the mortgage in order to determine what you must do. Some mortgages require the immediate sale of the home and repayment of the mortgage, while a […]
The Pros and Cons of Mortgage Credit Certificates
First-time homebuyers that are also low-income buyers may qualify for a mortgage credit certificate. While you have to pay for the certificate, it can give you a decent tax credit, helping you to lower your tax liability and therefore the overall cost of your mortgage. Get Matched with a Lender, Click Here. If you are […]
When’s the Right Time to Lock in an Interest Rate?
Interest rates fluctuate daily and sometimes even more than once a day. If you have your eye on a specific interest rate, you may be anxious to lock it in when it’s available. Before you do, you should know the right time to lock an interest rate. Compare Offers from Several Mortgage Lenders. What is […]