This article will discuss how to get credit cards after bankruptcy to rebuild credit to qualify for a mortgage. How can you quickly re-establish credit following bankruptcy? One of the easiest and quickest ways to re-establishing credit after bankruptcy is getting three to five secured credit cards or a “second chance” credit card. Take out…
In this guide, we will cover the steps in getting qualified and pre-approved and the documents required for mortgage process. There are three simple steps to getting qualified and pre-approved. The first step is to talk to a loan officer. The loan officer will ask you a series of questions over the phone such…
This article covers Qualifying For Florida Home Loans With Poor Credit. Thousands of families are moving to Florida to call it home. With a great economy, great job opportunities, low cost of living, no state income taxes, and affordable housing, Florida is one of the hotspots for new families. The governor, Ron DeSantis, and politicians…
In this article, we will cover the topic of whether can co-signing affect DTI on home purchase. There are instances non-occupant co-borrowers love to co-sign for a family member’s home purchase but are afraid it may affect their home purchase down the road. It is often difficult to say no when a family member asks…
This guide covers Chicago home purchase. Thinking about buying a home in the city of Chicago? You may want to rethink a Chicago Home Purchase after reading this article. City has one of the highest tax rates among all major cities in the United States. Property taxes, sales, gas, income, vehicle stickers, and extra city…
This BLOG On Reverse Mortgage Qualifications And Requirements Was UPDATED And PUBLISHED On March 19th, 2020 Homeowners who are 62 years of age and older and who have equity in their homes can qualify for reverse mortgages. Reverse Mortgage Qualifications is not for everyone and not everyone over the age of 62 years of age…
This guide covers home purchase without spouse on mortgage note. Many home buyers automatically assume that if someone is married then both people need to be on the mortgage loan. This is not true. If borrower and spouse are home buyers, both can be on the title on the new home purchase. A home buyer…
This guide covers owner-occupant home guidelines. Both HUD and Fannie Mae have strict guidelines when it comes to owner-occupant financing. First of all, HUD, the mother of FHA loans, only offers owner occupant mortgages. HUD does not offer second home financing or investment home financing with FHA loans. Fannie Mae offers owner-occupant loans, second home…
This ARTICLE Is About The Feds Cuts Rates For The Third Time This Year As Economy Slows. Mortgage rates started to drop from the beginning of 2019. When the Federal Reserve Board cuts interest rates, mortgage rates follow the downward trend. Breaking news today on Feds Cuts Rates For The Third Time This Year As…
FHA Loans are the most popular mortgage programs today due to the many benefits it offers. There are thousands of mortgage loan applicants with great credit scores But due to the strict mortgage guidelines on conventional loans set by Fannie Mae and Freddie Mac cannot qualify for a residential mortgage Some of the hurdles conventional…
In this article, we will cover and discuss title insurance protection that is required by all mortgage lenders. We will cover what Title Insurance Protection is and why mortgage lenders require title insurance protection. Title Insurance Protection insures that the “record” title is good subject only to the exceptions expressly set out in the title…
This BLOG On Refinancing 30 Year Fixed Rate Loan To 15 Year Fixed Mortgage Rate Was UPDATED On January 7th, 2019 There are various fixed mortgage rate programs available. 30 year fixed mortgage rate programs are the most popular mortgage loan program There are also 25 year fixed rate mortgage rate programs, 20 year fixed mortgage…
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