Are you retired or about to retire and want to get a mortgage? Believe it or not, it is possible to get a mortgage as a retiree with some employment income or even none at all. In some cases, retired home buyers may have the ability to pay cash for their house but may want… Read More »
Are you getting ready to buy your own home after years of paying rent? You may need to increase your credit score. People with higher credit scores have an easier time being approved for a loan and getting the best interest rates. But if you do not have great credit, you may want to consider… Read More »
There are many reasons to buy your own home and stop renting. But there are many factors to consider before deciding to make the plunge into home ownership. It worth considering this question carefully; one of the reasons for the last financial downturn was too many people had mortgage they could not afford. When millions… Read More »
Most people wanting to buy a home with a mortgage usually have two major concerns: How much will the interest rate be, and can I afford the monthly payments? There are many good online mortgage calculators that can assist you in making these important financial calculations when you are deciding to buy a home. There… Read More »
Most home buyers will choose either a conventional loan or an FHA insured mortgage in 2023. If you have decent credit in the mid-600’s or higher, you may be considering either an FHA or conventional loan. Both programs have loans available with 3% to 3.5% down payments, so which is the best option? It depends… Read More »
It is not unusual for retirees wanting to move after they stop working and buy a home. They think that once they actually stop working they will be unable to get a mortgage. This is not always true. If you meet the home loan requirements, you can get a mortgage when you retire. There are… Read More »
How Much Is the First Time Home Buyer Tax Credit? As of March 2026, there is no active federal first-time home buyer tax credit, despite ongoing legislative proposals in Congress seeking to reinstate similar benefits. The original $8,000 first-time homebuyer credit expired in 2010, and while multiple bills have been introduced—including the First-Time Homebuyer Tax… Read More »
Do you want to learn what the loan requirements are to buy a home with a FHA mortgage in this year? The 2024 FHA loan requirements remain attractive to renters because the credit standards are not prejudice and the down-payment rules are very reasonable. Getting a FHA loan pre approval is the first step for… Read More »
Fannie Mae mortgage loans are appealing for home buyers purchasing a house with a conventional loan because of the reasonable down payment requirements, competitive mortgage rates and stellar reputation in 2026. Below is more information about Fannie Mae guidelines that explain what the minimum down-payment rules will be for most borrowers qualifying for a Fannie… Read More »
It is 2020 and interest rates are holding steady near record lows. Is it a good time to refinance your mortgage or should you wait for rates to drop? Well, interest rates for mortgage refinancing are a bit higher than a year ago, but they are still very low. Below is more information about whether… Read More »
