Good Income, Little Savings? Here are Mortgages with Little Down

Down payments are a big hurdle for many home buyers. Monthly mortgage costs are affordable but down payments are a hurdle. The good news is that there are ways around down payment roadblocks, you don’t have to be a victim of old-fashioned down payment requirements. The 20% standard Down payments have been a barrier to… Read More »

How To Engineer Lower Mortgage Rates

When it comes to mortgage rates no one knows what the future will bring. There is no better example than 2019. Many economists forecast mortgage rates of 5.5% and even more. What really happened was that rates went down. According to Freddie Mac, for the first 11 months of 2019 mortgage rates averaged 3.95% and… Read More »

Best Mortgages for First Time Buyers with Poor Credit

Maybe you’re in a shared living situation (that is, living with an adult who is not your romantic partner) due to a financial crisis, or you’re a renter under less-than-ideal circumstances pining to become a homeowner. Perhaps you’re sitting on a mountain of student debt, or medical bills, or so many other incurred monthly expenses… Read More »

Shouldn’t FHA Mortgages Be Cheaper?

FHA mortgages should cost less. This is a government program that churns out billions of dollars in annual surpluses, money that comes from borrowers. If FHA mortgage loans were less costly then more people – especially first-time buyers – could buy homes. That would be great for buyers and also sellers, lenders, and brokers. It… Read More »

Minimum Home Loan Credit Score Requirements

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 2020. Read on to see what home financing programs are available and what the minimum credit scores are set by the banks… Read More »

VA Home Loan Requirements

There are many reasons why VA loan requirements are so attractive to borrowers with military credentials this year. The U.S economy is booming again, the housing market is soaring and eligible VA home loan applicants have access to arguably the best mortgage to refinance or buy a house in 2020. When most people look at… Read More »

VA & Military Home Loans for First Time Buyers

There are many great home financing advantages to being a military veteran or active military. One of the biggest pluses that you can enjoy is getting a VA loan with competitive interest rates, low closing costs and no down-payment required. If you are VA eligible you owe it to yourself to learn about the benefits… Read More »

Understanding The FHA Mortgage Process

Do you want to use an FHA mortgage to buy your next home? If so, you probably have a lot of questions about the FHA home loan process and what you need to do to be approved. It is important for perspective house buyers to know what the qualifications are to be approved for an… Read More »

4 Amazing Home Buyer Down Payment Grants

Buying your first home can be overwhelming in many ways. There are so many decisions to make an many people do not realize that there are home buying grants available in all 50 states. One of the most important of course is getting approved for a mortgage and saving up for a down payment. The… Read More »

Home Inspection Tips for First Time House Buyers

First time buyers who put a contract on a house are doing something very exciting. It is your first home, and you are about to take part in the American dream! But as soon as you submit the contract, you should order a home inspection. A home inspection is essential to ensure that the home… Read More »

Fun Facts on First Time Home Buyers

More and more renters are considering home-ownership. Banks and mortgage lending companies have announced new finance options for first time home buyers. In many instances, the guidelines have been loosened and the credit rules have been eased. This year appears to be a great year for consumers to stop renting and make the plunge to… Read More »

Top 5 Reasons to Buy Home with Mortgage Rates Going Up

If you were to ask your real estate agent when the best time is to buy a home? They will always say ‘now.’ But as of the end of 2018, as housing prices and mortgage rates are rising, this actually could be the best advice. According to the chief financial analyst at Bankrate, mortgage rates… Read More »

6 Revealing Trends for Buying a Home in This Market

The real estate market across the country in 2018 and into 2019 is continuing to be hot. If you are considering buying a home in this market this or next year, below are some trends to be aware of. #1 Homes Are Still Selling Fast In February 2018, data from Realtor.com showed that homes were… Read More »

8 Things You Must Know Before Starting the Mortgage Process

Mortgage rates have been rising in 2018 as the US economy is gathering strength. Some renters who have been on the fence about buying a home have been starting to think about getting into the market before rates nudge above 5% in the next year or so. But buying your dream home is not as easy… Read More »

I’m Self Employed, Should I Apply for a Stated Income Mortgage?

Many Americans believe that quitting their job and going to work for themselves is a major part of the American Dream, just as much as owning their own home. The good thing is that today, it is possible to be self-employed and own your own home with attractive stated income mortgage products becoming available this… Read More »

Reduced Doc and Stated Income Loan Programs for First Time Home Buyers

Reduced documentation and stated income home loan programs almost disappeared after the last financial downturn. Too many people who had questionable income sources were not fully verified and vetted by mortgage loan companies, and many could not afford to pay their mortgage payments when interest rates increased almost a decade ago. After the mortgage meltdown,… Read More »

8 Special Military Home Loans Guaranteed by State Governments

Most military members and retired military know about the VA home financing programs for getting a home loan guarantee with 100% financing, low interest rate and no mortgage insurance. The VA mortgage loan can be a great deal for many veterans and active military. But did you know there are other special home loan programs… Read More »

Essential Guide to Owner Builder Home Loans

It is exciting to have a home built just for you. But most people are unfamiliar with owner builder home loans. Mortgage loans for new construction are a different animal, and if you want to build your home, it is smart to learn about this unique mortgage process. Find Lenders that Specialize in Owner-Builder Home… Read More »

Everything You Need to Know About Vacant Land Loans

Buying a piece of land allows you to build your dream home or to simply maintain a piece of nature. But land can be pricey in higher demand areas, so you cold need to find a vacant land loan to fund your purchase. You might think that a land loan will be easy and low… Read More »

How Much of a Down-Payment Do I Need to Buy a Condo?

If you are considering the purchase of a condominium, you may wonder how much of a down payment you need to get a mortgage. Depending upon the lender and other factors, you will probably need somewhere between 3% and 20% down to buy a condo, with 10% being the most common for people with condo… Read More »

Guide to Financing a Second Home in Today’s Loan Market

Do you want to buy a second home? You probably have many questions about how to finance a 2nd-home. Whether you want to buy a second home for vacations or as an investment property, getting financing for this type of property comes with some challenges that you should be aware of. This article will explain… Read More »

How to Buy a House with Little Money Down and Average Credit Scores

One of the biggest barriers to buying a home for many Americans is the down payment. But many first-time home buyers have misconceptions about the down payment that is required, as well as what credit scores are needed. According to the National Association of Realtors, 85% of first time buyers think they need 10% down… Read More »

How Much Savings Do You Need for Home Loan This Year?

Most Americans need to get a mortgage to buy a home; current statistics state that 87% of home buyers use mortgage financing. But it is rare in 2018 to be able to buy a home for 100% of the purchase price. In most instances banks and lenders want the borrower to have skin in the… Read More »

The Good the Bad and Today’s Subprime Mortgage Loans Reinvented

Subprime loans were the bane of the last financial downturn. The Subprime mortgage product, which are home loans to people with bad credit mortgage, low down payments and little verifiable income, were partially responsible for the mass of mortgage defaults that left the US and world economy reeling in 2008. After the housing crash, subprime… Read More »