Have you been investing in Bitcoin, Ethereum, and other cryptocurrencies? Then you probably wonder if you can use crypto to purchase a home or to get a crypto mortgage. The answer is complicated, depending on what you mean by ‘using crypto’ to buy a home. Let’s take a closer look. Traditional Mortgage Lenders And Crypto… Read More »
In June 2021, the Biden Administration announced it had created the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) to develop actions to reduce ethnic and racial bias in home valuations. The White House reports that the PAVE Action Plan is a wide-ranging set of reforms that will improve equity in the home… Read More »
7 Reasons Why the Demand for Interest Only Loans Interest Rises When you hunt for a home loan, have you ever thought about an interest-only mortgage? This kind of mortgage doesn’t make you pay on principal at first; you only pay interest on the home loan and that reduces your monthly payment initially. An interest-only… Read More »
Are you self-employed and want to buy a home? Then you may wonder about how to get a mortgage. While some self-employed borrowers can get a regular mortgage that is based on wages, others may not qualify. If that describes you, then you might want to learn about bank statement mortgage loans in 2022. Now… Read More »
Are you thinking about moving to a new city when you retire? You are in good company! About 65% of retirees say they want to move when they stop working or already moved. Most retirees say they want to stay near where they retired when they move, but about 40% say they want to live… Read More »
During the COVID pandemic, millions of renters have had difficulty paying their rent. That’s why the federal government passed an eviction moratorium that made it difficult for landlords to toss out their tenants. The eviction moratorium was extended several times by the Trump and Biden administrations. On August 3, the CDC extended the eviction moratorium… Read More »
Buying a house can be a stressful time, so it is important to be organized and understand what the credit requirements are up-front for the various mortgage programs in the United States in 2022. Read on to see what home financing programs are available and what the minimum credit scores are set by the banks… Read More »
For recent graduates, young professionals or folks considering a career change, affordability of housing often becomes the deciding factor in where they choose to look for a job. Of course, we all want to make the highest possible salary, but a souped-up paycheck in a city with sky-high rent won’t do you much good since… Read More »
Are interest rates on FHA home loans still competitive? Are first time house buyers still considering FHA loan programs in today’s market? FHA recently released details about the health of its Mutual Mortgage Insurance Fund this week, which revealed enough economic net worth and enough capital reserves. But despite these facts, FHA has still said… Read More »
If you have a home loan backed by Fannie Mae or Freddie Mac and have been affected by the devastating California wildfires this month, you may be in line for some financial assistance. To date in November 2018, the fires have claimed the lives of 44 people and destroyed at least 100,000 acres including thousands… Read More »
This happens often to retirees who want to refinance their home or get a new mortgage. After their regular employment earnings are reduced in retirement, their monthly incomes drop. They could have a lot of money stored in IRAs and other investments, but for the purpose of a mortgage, they might not have enough income… Read More »
Homeowners always like to save on their utility bills, and there are several tax breaks that are available for people who have installed solar panels on their homes. Reducing monthly energy expenses, finding tax credits and helping the world with a smaller foot-print is a wonderful opportunity. In 2020, the federal spending bill that was… Read More »
Before you choose a mortgage lender, you should ask the loan officer some specific questions to be sure you are making the right choice. There are plenty of places to get a mortgage in any major metropolitan area, and you should be confident that you are making the best choice for your home ownership dreams.… Read More »
Buying your first home after renting for years can be rather daunting in some ways. But millions of renters have been there before and became homeowners, so you can do it too. If you do your homework before you apply a home loan, you will have a good chance of becoming a homeowner quickly. It’s… Read More »
Mortgage refinance rates in 2020 have remained near record-lows for the most part, but there are still some home owners out there that may want to refinance before rates rise further. Even with higher interest rates, you still can save money on fees and closing costs when you do your mortgage refinance. This can end… Read More »
Some commercial real estate investors have several properties and understand that juggling several mortgages with various interest rates and terms can be challenging. That is where a blanket loan can be a possible solution. A blanket loan allows you to make a single payment to a single bank with one set of loan terms. This… Read More »
Are you a first-time home buyer? You may want to check out some of these smart home technology secrets we list below. These cool devices and tech can really make your home a more convenient and efficient place to live. Robot Vacuum Cleaner Keeping your first home clean and tidy is important. Floor cleaning and… Read More »
Many people want to buy investment properties that make them money. But how can you choose the best place to buy investment properties so your dream will become a reality? Below are some of the most important factors to look at as you decide which city to invest in: #1 Jobs and Demographics A real… Read More »
Here is a prediction; Buying a home near the BSR wave pool in Waco, Texas is a great investment if you are doing a VRBO and marketing to surfers. Believe it or not, surfers from all over the planet are traveling to Waco Texas because of this amazing wave pool attraction. Surfers of all levels… Read More »
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 »
People who have never bought a home before might think that once they have been pre-qualified for a mortgage, they may be good to go. Not the case. There is a difference between mortgage pre-qualification and mortgage pre-approval. There is a right way and wrong way to apply for a first time home buyer loan… 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 »
Many people who want to get a mortgage may not know they can use rental income to sometimes qualify for the loan. This can apply to a property you currently own and rent as well as a property you are planning to buy and rent. Below is more information about how VRBO rental income works… Read More »
Most Americans do not begin the home buying process with the idea of buying a for sale by owner (FSBO) property. But you may find that a for sale by owner property could be your dream home. If you see such a home and love it, should you consider buying it or moving on? There… Read More »
Home buyers purchasing a home with a conventional loan want to know that the down payment requirements are for a Fannie Mae loan in 2020. Below is more information about what the minimum down-payment rules will be for most borrowers qualifying for a Fannie Mae home loan this year. U.S. home buyers have benefited from… Read More »
Perhaps by now you have heard about the Equifax security breach, but you don’t know exactly what happened. We want to make sure that you are informed about what the Equifax data breach entailed so that you are armed with plenty of information to protect yourself and your credit. As you surely know, it is… Read More »
Many people in the Houston, Texas area are most likely going to have difficulty in paying their mortgages in the months to come. There are thousands of homes flooded facing huge damage costs, and many people in the flooded areas were not required to have flood insurance. Plus, even people with homes that were not… Read More »
The VA mortgage program is a great way for active duty and many former military to get a home loan with very favorable terms. VA home loan programs are made available in 2021 to retired, discharged, and active military and reservists who meet the necessary qualifications. VA home loans are also available to those with… Read More »
People get sick of renting a house or apartment. Why should you be paying for the mortgage of your landlord for year after year? It makes more sense to pay your own mortgage so that you can grow your equity and someday own your home free and clear. The Federal Reserve has kept interest rates… Read More »
The housing market was hot in the early and mid-2000’s, as most of us remember. That was when no documentation home loans became popular. In 2022 it seems that no doc mortgage loans may be making a comeback of sorts. Banks, credit unions and lenders are introducing new more aggressive home buying programs with limited… Read More »
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