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?
SHOULD YOU TAKE ADVANTAGE OF THE FHA STREAMLINE REFINANCE?
In short, probably. You’ll want to speak with your loan officer if a refinance makes sense for you right now but if it does there is probably no easier loan to qualify for than the FHA streamline refinance. What’s an FHA streamline? The streamline is a low-document refinance program and while it differs from a standard FHA refinance loan, very rare .....POSTED ON October 16, 2017
MAKING YOUR MORTGAGE PAYMENT EASIER
When borrowers want to lower their monthly mortgage payment, the automatic response is to refinance, and that’s correct. When interest rates fall, it can make sense to refinance to the lower rates and savings on principal and interest each month. A quick conversation with a loan officer can guide borrowers into making the correct decision and decid .....POSTED ON October 16, 2017
How to Prepare for a Home Loan Application
A standard mortgage loan application asks for quite a bit of personal information. In fact, unlike any other application for credit, your lender will want to know whether or not you have any dependents such as children of those you’re taking care of and if so how many and their ages. Your monthly income also needs to be documented and you’ll be ask .....POSTED ON October 16, 2017
Equifax Security Breach and its Effect on You
The recent security breach on Equifax’s servers is still making the headlines. And rightfully so because it’s the biggest of such digital heists and even more importantly it directly affects consumers. It was also recently announced there are another 2.5 million stolen identities to bring the total to 145.5 million affected. So should you be concer .....POSTED ON October 16, 2017
CAN I GET A MORTGAGE WITH A LOW CREDIT SCORE?
In short, yes.But with some qualifiers attached. “Low” is a relative term and although lenders do rely on credit scores during the approval process they’re not the only factor. Important, yes, but exclusively so not necessarily. It depends upon the type of loan you’re applying for.Credit scores range from as low as 300 to as high as 850 although an .....POSTED ON October 16, 2017