Under Water on Your Loan? How HARP May Be Able to Help You!
The housing market is red hot again in many areas of the county but there are still millions of homeowners who are underwater or just treading water on their mortgage, meaning that they either currently owe more on their mortgage that what the home is worth or they are close to a break-even...
Buying a Home With No Credit
Are you a first time homebuyer with NO credit history? If you’ve strived to live debt-free until now, you may be faced with an unintended consequence of having taken out no loans – you don’t have any established credit history. Your credit score and credit history...
All About Jumbo Mortgage Loans
In many areas of the country, you can buy a nice single-family home for well under $400,000. In other areas, particularly those with high costs of living, single-family homes begin at a half million dollars or more (sometimes much, much more!), especially if you want to...
3 Quick Ways to Boost Credit Score & Be Ready to Buy in 2017
When you meet with a mortgage lender, one of the pieces of information that they will rely heavily on in determining whether or not to lend you money at all, and if so, how much to lend you, is your credit score. If you’re hoping to buy a home in 2017 but your credit score isn’t...
How to Calculate Your Debt-to-Income Ratio
How Much Home Can You Afford?
When you apply for a mortgage, your prospective lender will check several factors, including calculating your debt-to-income ratio in order to determine the amount of mortgage to extend to you. You can get a jump start on the home buying...
USDA Loans: The No Down Payment Loan Program That May Work for You!
Are you hoping to buy a home in 2017 but worried about the down payment? Looking to live outside of a big city – whether that be in a small city, town or out in the country with plenty of space? Many Americans can afford the monthly mortgage payment on a home for their family, but...
Will I Qualify for a Mortgage on Part-Time Income Alone?
I only work part time but want to buy a home – will I qualify for a mortgage on part time income alone?
In today’s economy, many people make their income by working one or more part-time jobs versus a traditional full-time 9-5 job. While there are some assumptions made that...
FHA Cuts Mortgage Insurance Premiums
The Federal Housing Authority, or FHA, cut the annual mortgage insurance premium interest rate by .25% for FHA borrowers who closed on their new homes on or after January 27, 2016, making now a great time to buy and save in the process!
What are FHA-backed loans?
The FHA does not...
Can You Use Your VA Entitlement While On Active Duty?
VA mortgage loans are loans which are offered by the US Department of Veterans Affairs and backed by the United States federal government. They offer an array of benefits and mortgage options to veterans, active duty service members and a select group of other individuals connected to...