As much as lenders are looking to grow their client base and dish out more loans, they are quite choosy in terms of who gets to enjoy this privilege. Therefore, you need to make a positive impression on them. If […]
Buying a house can make you feel a different kind of accomplishment. That’s why you need to plan carefully before getting a loan. Be sure to think things through before you even proceed with the application. Here are some of […]
The debt-to-income (DTI) ratio is your lender’s way of determining whether you can afford to take out a mortgage or not. To do the math, divide your monthly expenses by your gross monthly income. The quotient will then be your DTI. DTI […]
An essential feature of property ownership is its value. Property valuation enables you to know how much you should pay in property taxes and the rent you should charge if you are renting it. It is also necessary for financing, property […]
For many active military personnel and veterans and their spouses, VA mortgage programs are the best path to home ownership. These loans neither require a down payment nor mortgage insurance nor offer very competitive interest rates. VA mortgages also have […]
A reverse mortgage is one in which a lender lets a homeowner borrow against the value of their home. This money is available in the form of a line of credit. Mortgage repayment is not needed until and unless the […]
Buying a home is a significant financial investment (probably the biggest you will ever make). That’s why you may need some additional financing to top up on what you have. The best way to go about it is by applying […]
Mortgage loans make it possible for most people to own a home. Before signing a mortgage contract, shopping for the best loan product among different lenders is vital. This is the best way to ensure you get the best mortgage […]
In many ways, 2017 has been a difficult year for homeowners and first-time home buyers. Available houses became scarce and prices soared to highs. For 2018, however, you will have a cause to hope — although challenges will still be […]
Many people assume that mortgages have always had a 20 percent down payment requirement. This assumption stems from the media and from financial advisers that have usually talked about the traditional conventional loan that truly has a 20 percent down […]
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