If you’re buying a fixer-upper or need to make some repairs before moving in, an FHA 203k loan may be what you need. This type of loan allows you to roll renovation costs into your mortgage so that you’re only dealing with one loan instead of several. This type of financing is backed by the […]Read More What is a 203k Loan?
This real estate market has caused unbearable stress and heartache. There are people unable to keep their homes, displacing their families and creating lots of stress. Are you in this situation? If so, we are here to help! We have created a team of professionals that can assist you in turning your situation around. […]Read More Have you considered a Short Sale?
When you’re making a big purchase, like a car or a new computer, you tend to shop around for the best deal, right? While you may not realize it, you should do the same for a mortgage. After all, a home is likely the most expensive thing you will ever buy. Shopping around for a […]Read More How to Shop for a Mortgage
Scorrrrrrrre!!!!!! Celebrate a World Cup of Your Own You may not make it to the FIFA World Cup, but you can still score big by improving your FICO or Vantage credit score. There’s no way around it, if you want to buy a home with a mortgage, you’ll get a better rate with a higher […]Read More 5 Ways to Increase Your Credit Score
Last year the Federal Housing Administration made adjustments to its underwriting handbook that significantly affect potential buyers that have outstanding student loans. Changes became effective September 14, 1015. The bottom line is, “yes” you can buy a home, even with an FHA loan, but there are stricter debt-to-income ratios you’ll have to comply with and new […]Read More Can I Get An FHA Loan With Student Loan Debt?
The housing market, and what it means for your home, is definitely a hot topic of late. No matter where you turn, you can catch an “expert” discussing historical growth, the housing “bubble,” or market scarcity and options for buying and selling your home. Despite other significant issues that could impact consumer spending, Doug Duncan, Fannie Mae […]Read More Being Credit Smart with Your Home
The Feds have been pretty indecisive about moving interest rates up, but the down-low is that they plan to make the move upwards in December. No matter where you are in the market, whether you’re buying or selling, or just saving up a downpayment, interest rates can inversely affect your transactions. Here are some ways […]Read More When Interest Rates Go Up
If you’re even considering purchasing a home in the next year, the time to start the pre-approval process is now. Why so early? Here’s some advice to get you on track to a smooth purchase transaction. While you don’t want to actually apply for the loan until your are ready to make an offer on […]Read More Get Pre-Approved for a Mortgage
Should you consider seller financing as an option for your home for sale? In this current market, with home prices trending up, but access to financing is more difficult post housing bubble. So, if you want to sell your home, is it a good idea to offer seller financing? What does seller-financing mean? Unlike a […]Read More Is Seller Financing a Good Idea?
Buying a home is exciting. If you’re young, it gives you the sense of finally stepping into the adult world. If you’re at some other life change (marriage, starting a family, empty-nester or getting a divorce) the idea of a larger (or smaller) space of your own gets those possibility juices flowing. But … in […]Read More How to Avoid Being House Poor