This BLOG On Home Loan With Mortgage Charge Off Lending Guidelines Was UPDATED And PUBLISHED On August 14th, 2019 Home Loan With Mortgage Charge Off: The United States Department Of Housing And Urban Development (HUD), the parent of FHA, has the most lenient mortgage guidelines when it comes to qualifying for a home loan with mortgage…
This ARTICLE On Avoiding Bad Mortgage Reviews Solutions Is The Second Part Of A Two-Part Blog Series Was UPDATED And PUBLISHED On July 20th, 2019 Avoiding Bad Mortgage Reviews Solutions is the second part of a two-part article series. If you have not read the first blog on Avoiding Bad Mortgage Reviews which explains the reasons…
This Article On Stock Market Performance And How It Affects The Mortgage Markets Was PUBLISHED On July 15th, 2019 At the beginning of the recession in 2008, the stock market experienced a major drop in one day, 777.68 points in one day. We all remember the results of that, job loss, credit tightened, the housing…
This BLOG On What Happens If Credit Scores Drop During Mortgage Process Was PUBLISHED On July 5th, 2019 A Borrower’s credit scores are what determines whether or not the borrower qualifies for a certain mortgage loan program. There are minimum credit scores guidelines to qualify for FHA, Conventional, VA, USDA Loans, and Jumbo Mortgages FHA minimum…
This BLOG On Comparison Of 15-Year Fixed-Rate Versus 30-Year Fixed-Rate Mortgage Was Updated On July 3rd, 2019 Of the two mortgage term options is the 15-year fixed-rate mortgage or 30-year fixed-rate mortgage period better? There are benefits of 15-year versus a 30-year fixed-rate mortgage These are the two common periods over which people choose to pay…
This BLOG On Low Mortgage Rates Forecast For Home Buyers And Homeowners Was PUBLISHED On June 30th, 2019 Federal Reserve Board Chairwoman Jerome Powell is the Federal Reserve Board chief: All eyes are on Fed Chairman Jerome Powell Wall Street and mortgage industry leaders are monitoring every move Powell makes Every word he speaks is…
This BLOG On 5 Factors That Affect Credit Scores For Mortgage Borrowers Was PUBLISHED On June 30th, 2019 Credit scores are probably the second most important factors that affect credit scores when qualifying for a residential mortgage loan. Credit scores also play an impact on mortgage rates. The higher the credit scores, the lower the…
This BLOG On Home Purchase With Prior Bankruptcy And Foreclosure Was UPDATED On June 7th, 2019 How To Qualify For Home Purchase With Prior Bankruptcy And Foreclosure: For those folks who want to purchase a new home with an FHA Loan, but had filed a prior bankruptcy, there is a mandatory waiting period of 2 years…
This BLOG On Mortgage Interest Rates Drop To Benefit Homeowners In Refinancing Was PUBLISHED On June 7th, 2019 With the recent Mortgage Interest Rates Drop, many homeowners who have closed on their home loans last year will greatly benefit. Both potential homebuyers and homeowners are taking the news of the Mortgage Interest Rates Drop as positive news To…
This article is about Homeowners Should Consider Refinancing Due To Low Rates Homeowners Should Consider Refinancing Due To Historic Low Rates. Refinancing May Save You Thousands: Mortgage rates are still at an all-time low and homeowners should seriously consider refinancing their current mortgage loans to see if there is a net tangible benefit Many homeowners…
This Article Is About Financing Contingency On Real Estate Purchase Contracts The real estate market nationwide is hot. Homeowners who had upside down mortgages are not able to sell their homes They can now move on to purchase a different home, whether they are downsizing or moving up to a larger home There are more…
This BLOG On Job Loss During Mortgage Process And How To Proceed To Close Was UPDATED On May 6th, 2019 Income is probably the most important factor in qualifying for home loans. Home Buyers can have prior bad credit, prior bankruptcy, prior foreclosure, and low credit scores and as long as they have documented income, they…
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