If you are a first-time home buyer, there is a lot to learn about buying a home. The most misunderstood part about home buying is — home financing. We are going to help shed some light on this topic. We are going to go over the top first-time home buyer loan options. You will learn… Continue Reading
A credit score is arguably the single most important factor for lenders when determining whether you qualify for a mortgage or not. Not only that, but your credit score will also determine what type of loan you can get when finding financing for your next home purchase. The score is important to lenders because it… Continue Reading
When buying a house, it is critical that every borrower research each loan program to know the ins-and-outs of each type of financing. Knowing what loan is best suited for you and your family will depend on your individual financial situation. Perhaps nothing is more important than trying to determine how much cash you will… Continue Reading
If you are about to close on a loan, whether you’re buying a home or refinancing a loan you already have, you will probably have an escrow account established at closing. This account is where your monthly payments of taxes and insurance will be deposited so that when taxes and insurance are due, your servicer… Continue Reading
Have you been affected by COVID-19? Not physically – financially. Did you lose your job? Did your company cut back on your hours? Are you a homeowner and you’re finding it increasingly difficult to pay your bills on time? Then you might need a forbearance. What is a forbearance? On March 27, 2020, President Trump made… Continue Reading
Approximately 34% of US households do not currently own a home. According to the National Multifamily Housing Council, there are over 43 million households in the United States occupied by renters. There are a number of reasons of course for not owning a home. However, one of the biggest perceived obstacles to homeownership is: Lack… Continue Reading
For US military veterans and their spouses, the benefits of being able to use a VA loan program to purchase, refinance, and even streamline refinance their homes are well known. After all, VA financing makes up over 10% of the mortgage market. Since the creation of the VA loan guarantee program, VA loans have paved… Continue Reading
If the last time you shopped for a mortgage was over a decade ago, then you might be surprised by how much the menu of loan offerings has changed. Immediately following the housing crash, mortgage meltdown, and economic recession of the late 2000s, loan programs began to disappear and an overhaul of industry guidelines and… Continue Reading
It wasn’t that long ago that the LA Times wrote a scathing article about the widespread effect that student loan debt is having on the housing market. One report they cited estimated that 414,000 home sales, or eight percent of the average number of annual home sales, would disappear because of this excess debt. The… Continue Reading
When most people think of VA mortgages, they assume they’re for the benefit of the families of actively serving members of the various branches of the military. Although military families are certainly eligible for VA mortgages, I wanted to put together a piece about all the other folks who can also get these loans. They’re… Continue Reading