Are you trying to apply for a mortgage? What if you have bad credit? Believe it or not, your dream of owning a home can still become a reality. If you have credit problems due to bankruptcy, foreclosure, or late payments to your credit card or other bills, there is [...]
Land or property loans allow potential homeowners to pursue different dreams than mortgage loans, so it is crucial to carefully consider the options before you choose to pursue one of these loans. Are you interested in building your dream home, or do you want to purchase an existing home? For [...]
Are you in the market for a new home? Have you found a home that’s a perfect match for your needs and personality? Instead of purchasing an existing home, a home construction loan can provide you with the resources needed to build your ideal living space. Take a look at [...]
If you are self-employed, you probably already know that securing a home loan may be more difficult for you than it is for other people. However, getting a home loan as a self-employed person is not impossible. How the Self-Employed Get Home Loans Essentially, securing a home loan as a [...]
Federal Housing Association (FHA) loans have been on the rise since the housing bust in 2008. With other types of loans no longer available to low income families, the FHA loan has become newly attractive to many seeking home ownership. FHA loans are insured by the government through the Federal [...]
Several things can affect your credit rating. For some people, fair or poor credit is the result of not having enough credit history, while for others, major life events such as divorce or an illness take a financial toll. No matter your life story, a less than perfect credit history [...]
A reduction in your mortgage interest rate can translate into significant savings. The key is ensuring they aren't outweighed by the charges and fees involved. Here are some tips to help you determine whether refinancing your mortgage will pay off: UNDERSTAND THE FEES Lenders typically charge fees for the mortgage [...]
Buying a house is already stressful, and being ill-prepared heightens the anxiety. Why put yourself through this? Learn how to think like a lender and educate yourself on the best ways to get your mortgage loan approved: Know Your Credit Score It literally takes a few minutes to pull your [...]
First-time buyers, repeat buyers, homeowners looking to refinance—anyone who can meet the minimum program requirements is eligible for an FHA loan. Here are some great reasons to consider an FHA loan. Low down payment: Borrowers may only need a 3.5% down payment, rather than the 10% or even 20% you may [...]
Reverse mortgages can provide retirees with an additional source of income that will not require them to sell their homes and move into smaller or less amenable residences. These unique products allow users to tap into the equity in their homes and convert it into monthly cash payments that they [...]