YOUR FIRST HOME LOAN: 7 TIPS FOR SUCCESS
SHOULD I APPLY FOR A MORTGAGE WITH BAD CREDIT?
PRE-QUALIFIED VS. PRE-APPROVED: WHAT’S THE KEY?
MORTGAGES FOR MILLENNIALS- YOUNG BUYERS FINALLY SAYING YOLO!
MORTGAGE TYPES: WHICH IS BEST FOR YOU?
How to Recover From a Low Credit Score
Did you get a surprise when you looked at your credit report? Did your lender inform you your credit score was just a bit low for the loan you’re seeking? In general consumers are fairly aware of their credit standing but may not know where their credit scores actually stand. Credit scores are calculated using an algorithm first developed by the FI .....POSTED ON September 11, 2017
The History of VA Loans
The VA home loan program was originally part of an overall package initiated by Congress and signed into law by the President. The original legislation was called the Servicemen’s Readjustment Act of 1944 as a way to help returning soldiers from WWII more easily assimilate back into civilian life with education opportunities, grants to start a busi .....POSTED ON September 8, 2017
Preparing for a Jumbo Loan Application
Depending upon where your prospective property is located, when financing the purchase you’ll either get a conforming loan or a jumbo. Does that matter very much? Maybe. Yet while the approval process today is very similar to a conforming loan, if you’ve never applied for a jumbo home loan or you’re just thinking of financing a higher end home, it .....POSTED ON September 6, 2017
The History of HARP
We remember all too well the events that led up to the eventual recession that began back in 2008. Home buying was at a frenzy and property values were soaring. Buyers would buy a house and turn around and sell it sometimes in as little as 30-60 days and turn a profit. “Flipping” became a new term used in the real estate industry while at the same .....POSTED ON September 1, 2017
The History of FHA Loans
FHA loans are by far the most popular among the three government-backed home loan programs. The other two are the VA and USDA options. But unlike VA and USDA, there are no restrictions as to who can qualify for a loan or where the property must be located. FHA loans are also the most popular among first time home buyers due to the low down paymen .....POSTED ON August 28, 2017