If you’ve made plans to buy a home in the next year, there are some things you must do now to prepare. The more prepared you are, the better financing terms you’ll get and the more purchase power you will have. Looking for Current Mortgage Interest Rates? Click Here. Pull Your Credit You have to […]
What are the Conventional Loan Heating Requirements?
When you buy a home with financing, you have to abide by the loan program’s rules. Not all of those rules apply to the borrower, though. Many rules pertain to the property itself. It makes sense since the property is the collateral the lender holds onto in case you foreclose on the property. Looking for […]
Top Alternatives to Reverse Mortgages for Older Adults
Older adults often think their best option to tap into their home’s equity is to take a reverse mortgage. While the idea sounds great, there are many downsides to the program. Sure, you could take money out of your home and not owe a penny until you move or die, but there are many fees […]
How to Explain Cash Deposits When Applying for a Mortgage
When you apply for a mortgage, lenders look at all aspects of your financial life, including the deposits you make in your bank account. Why would lenders care about your deposits? Money is money, right? Looking for Current Mortgage Interest Rates? Click Here. Unfortunately, that’s not the case. Lenders care about every penny you put […]
How do You Refinance a Seller-Financed Mortgage?
Did you get a seller-financed mortgage when you bought your home? Maybe you weren’t eligible for standard bank financing or you didn’t have a large enough down payment to make bank financing possible. Whatever the case may be, there will come a time that you will want to or maybe even have to refinance. Looking […]
What’s the Best Way to Pay Off a Rental Property Faster?
Do you have a mortgage on your rental property that looms over your head? Do you wish you could pay the mortgage off and truly enjoy the cash flow from your investment? Looking for Current Mortgage Interest Rates? Click Here. Fortunately, there are a few simple ways you can pay our rental property off faster. […]
Understanding the Flood Elevation Certificate
If you live in a flood zone and have a mortgage, you’ll need flood insurance. If you need flood insurance, you need an elevation certificate. The certificate lets insurance companies know what type of flood insurance you need. Get Matched with a Lender, Click Here. What is the Elevation Certificate? The elevation certificate lets insurance […]
Top Benefits of Using a Direct Mortgage Lender
When you need a mortgage, you have a few options. You can go directly to your bank, use a mortgage broker, or a direct mortgage lender. While each option provides the same end result – a mortgage to buy a house, the process to get there differs with each option. Looking for Current Mortgage Interest […]
The Top Factors That Could Delay Your Home Loan
You have a closing date and assume everything will be fine. But what happens when you approach that date and your loan is nowhere near ready to close? Unfortunately, it happens. Knowing the top reasons closings get delayed can help you prevent them from occurring. Looking for Current Mortgage Interest Rates? Click Here. Not Getting […]
Non-Arm’s Length Transaction – What Does it Mean?
You found your dream home and can’t wait to get financing for it. There’s one problem. The seller happens to be an immediate relative. While you may not see a problem with it, lenders have an issue. The arm’s length transaction just became a non-arm’s length transaction and lenders care about these issues. Get Matched […]