No Doc Loans to Buy a Home from Top No Doc Mortgage Lenders

Buying a home with a no doc loan with no income verification from the lenders can be challenging. Learn how to buy a home with a no doc mortgage from trusted non QM lenders. The housing market was hot in the early and mid-2000’s, as most of us remember. That was when no documentation home… Read More »

Guide to Bank Statement Mortgage Loans in 2024

Bank statement loans have replaced the stated income programs that were so popular last decade. Banks and lenders have gained wisdom in recent years and rolled out bank statement mortgage loans that are less risky because they enable a borrower to prove that they can afford to make their monthly mortgage payment. Learn More About… Read More »

What is a Blanket Mortgage Loan?

A blanket mortgage can be a powerful tool for real estate investors and developers managing multiple properties. It simplifies financing, enhances portfolio management, and provides cost-efficiency. Some commercial real estate investors have several properties and understand that juggling several mortgages with various interest rates and terms can be challenging. A blanket loan allows you to… Read More »

What Credit Scores Do I Need to Buy a House?

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 2024. Read on to see what home financing programs are available and what the minimum credit scores for home loas set by… Read More »

Most Overlooked Tax Breaks for Homeowners with Solar and Renewable Energy

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 2023, the federal spending bill that was… Read More »

How to Choose the Right City the Buy an Investment Home

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 »

Pros and Cons of Paying Off Your Mortgage Loan Early

Approaching retirement with a mortgage fully paid off can translate to increased discretionary income from fixed sources when you retire. While there are instances where the savings from paying off your mortgage prematurely may not surpass potential earnings from alternative investments, the non-monetary advantages, such as peace of mind, associated with early mortgage repayment may… Read More »

Understanding Disability Benefits for VA Loans

VA home loans offer a path to homeownership with attractive terms and conditions, and for disabled veterans, these benefits become even more advantageous. The funding fee waiver, housing grants, increased loan entitlement, and dedicated support provided by the VA can significantly ease the financial burden of purchasing or adapting a home to meet specific needs.… Read More »

Can Crypto Currency be used When Getting a Mortgage to Buy a Home?

With the popularity of crypto currency surging like the upward trend of mortgage rates, Americans want to know if they can buy a home and get qualified for a mortgage using crypto currency in today’s marketplace. The use of cryptocurrency for buying homes in the US is an exciting and innovative concept, offering potential advantages… Read More »

What is the Pave Action Plan, Will it Impact the Mortgage Industry?

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 »

Interest Only Mortgage Loans Surge

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 mortgage is a big difference from a 30-year, fixed rate mortgage,… Read More »

Top 9 US Spots to Retire and Buy A Home

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 »

Top 25 States Where Home Prices Have Risen the Most

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 »

Why Home Buyers Will Still Use FHA Loans

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 »

Why Retired Homeowners Should Consider these Loans

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 »

Stop Renting and Buy Your First Home

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 »

Top 8 Smart Home Technology Secrets for 1st Time Buyers in the US

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 »

Mortgage Pre-Qualification vs. a Pre-Approved Mortgage

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 »

Why Credit Scores Play a Key Role in Mortgage Qualification

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 »

Texas Mortgage Relief for Hurricane Harvey Victims

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 »

Top Down Payment Home Loan Options to Consider Today

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 »