If you are thinking about applying for a mortgage, there are certain documents you will need. Lenders need to know how well you can afford the mortgage. They figure this out by doing an in-depth analysis of your finances. Get Matched with a Lender, Click Here. In order to apply for a mortgage, you’ll need […]
What Tax Return Issues Can Affect a Mortgage Approval?
Your tax returns say a lot about your income. When you use your returns to verify your income for a mortgage, there is a lot more to it than just looking at your tax forms. Mortgage companies must fully evaluate your income. This often causes tax return issues that either delay your approval or eliminate […]
How to Keep Medical Collections Away From Your Credit Report
Medical bills are a necessary nuisance. You need the medical care, but you may not always be able to afford the hefty bills that come along with the service. Sometimes medical bills get sent to collections while you wait for the insurance company to decide how much of the bill they will pay for you. […]
What’s the Difference Between Secured and Unsecured Debt?
When you have debt, you have one of two types – secured or unsecured. Before you take on any debts, it’s important to understand the difference so that you know what is at stake. Looking for Current Mortgage Interest Rates? Click Here. Keep reading to learn how each work and the differences between the two. […]
Switching Mortgage Lenders: Everything to Consider Beforehand
Are you thinking of switching lenders before you close on your loan? Maybe you are unhappy with the service you are receiving or the loan program isn’t quite what you thought. While you can switch lenders before you close on a loan, there are a few things you should consider. Get Matched with a Lender, […]
How to Get a USDA Loan With Bad Credit
If you have bad credit, you might think your chances for getting any type of mortgage is out of the question. Luckily, there are options and it includes the USDA loan. The USDA program is meant to help promote homeownership in those that otherwise wouldn’t be able to secure a loan. That being said, there […]
How to Buy a Pre-Foreclosure Home
If you are trying to score a home for a good deal, consider looking at a pre-foreclosure home. A home with this status is on the verge of going through foreclosure, but the bank hasn’t quite pulled the trigger yet. The owner usually has the opportunity to sell the home before the bank forecloses on […]
How Long do Hard Inquiries Stay on a Credit Report?
Did you know that when you apply for new credit, your credit score may be affected? We aren’t saying that it’s always affected, but there is a good chance. Even if the inquiry doesn’t affect your credit score, in particular, it does show up on your credit report in the inquiry section. This gives future […]
Advantages and Disadvantages of Co-Signing for a Home Loan
Perhaps you have a friend or relative who wants to purchase a home but does not qualify for a mortgage due to poor or insufficient credit. If your own credit is favorable, you may be able to help this individual by co-signing for the loan, providing the lender with your assurance that the obligation will […]
10 Steps Towards Financial Security
Given our current economic climate that’s riddled with uncertainty and anxiety, it’s necessary to take stock of where you lie on the financial security spectrum. Whether you have debt or not, you should have an awareness of what constitutes financial security, and you should know how your specific situation impacts your ability to attain this […]