First-time homebuyers have one distinct disadvantage – they don’t have any experience buying a home. The only way to get that experience is to jump in and give it a try. Before doing this, though, buyers should know what challenges lie ahead. Compare Offers from Several Mortgage Lenders. Low Credit Scores First-time homebuyers often have […]
How Much do you Have to Put Down on a Rehab Loan?
Are you thinking of buying a home that may not pass a standard appraisal? In general, this would mean that you can’t get financing, but if you take advantage of the FHA 203K loan program, you may just have yourself a deal. Looking for Current Mortgage Interest Rates? Click Here. Just like the standard FHA […]
What Documents do You Need to Buy a Home?
You are ready to buy a home – congratulations! Before you do, you’ll need to get yourself approved for a mortgage. This step is one of the most important steps you’ll take in this process, as it will determine how much the home actually costs you in the end. Looking for Current Mortgage Interest Rates? […]
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 […]
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. […]
Should You Buy a Home With Cash?
If you are able to buy a home with cash, you probably think that’s what you should do. While it does seem like a good idea, it may not be for everyone. Before you jump in and pay cash for a home, consider the following situations to see how they pertain to you. Looking for […]
Is it Smart to Pay off Debt Before you Buy a House?
If you have consumer debts, like credit cards or installment loans, you may think that it’s smart to pay the debt off before you buy a home. Is this the right thing to do? Looking for Current Mortgage Interest Rates? Click Here. It really depends on your situation. In some cases, a little debt will […]
What are the Advantages of Using a Mortgage Broker?
When you shop for a mortgage, you have several options regarding who you can use. There’s your typical bank, such as where you hold your checking or savings account. You can also check out local credit unions, mortgage companies, and even a mortgage broker. Compare Offers from Several Mortgage Lenders. The broker is a company […]