Home Buying

Government Mortgage Alternatives for People with Poor Credit

After the last financial slow down, getting a mortgage with poor credit was difficult. The federal government cracked down on lending and lenders got scared too extend credit on home loans to any but the best borrowers. While too much lax lending practices went on during the last real estate boom, the over-correction probably went… Read More »

How to Qualify for a Home Loan with a Good Mortgage Rate

Buying a home has always had its challenges, but it is expected that some homeowner friendly tax deductions will disappear as the Trump tax law takes effect. This will mean that for many Americans, it may not be as good financially to own a home. Yes, home mortgage rates are rising, but there are still… Read More »

Essential Guide to Manufactured Home Loans in 2019

Potential home buyers who want to get a manufactured home often wonder how easy it will be to get financing for these properties. While home loans for manufactured houses are not as plentiful as regular homes, there are still some options available, including from government backed home loan programs such as FHA. Most people are… Read More »

How to Find the Best Mortgage Lenders for First Time Home Buyers

No matter where you are in life, the decision to purchase your first home is one of the most important ones. But before you can begin shopping with your realtor for a home, you will need to find a mortgage lender and get pre-approved for a mortgage. Getting pre-approved or pre-qualified is a critical step… Read More »

5 Questions Every Renter Should Ask Before Buying a House

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 »

Guide to Mortgage Loan Calculators in 2019

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 »

What Are the Jumbo Mortgage Limits in 2019?

It is 2018, and conventional and conforming loan limits have increased. This could be a benefit to people buying homes, as well as those who want to refinance this year. This means that fewer loans will be considered jumbo loans, which makes borrowing money for a home easier for most people. A jumbo mortgage is… Read More »

10 Ways to Get Approved for a Home Loan the First Time

Are you in the market for a home loan in the new year? Whether you are buying your first home or refinancing your existing one, you can improve your odds of being pre-approved for a home loan this year if you follow our helpful tips below. #1 Make Sure You Know Your Credit Score As… Read More »

How Much Is the First Time Home Buyer Tax Credit in 2019?

First time home buyers who are looking for a tax credit could be thinking of the federal program enacted under President Obama. Unfortunately, that program ended several years ago and the 2019 first time home buyer tax credit does not exist. It was enacted in the aftermath of the last financial crisis to help first… Read More »

6 Steps to Get a Loan for a House in Today’s Market

Economic activity in the US is definitely on the rise. For all of 2018, it is likely that the US will have grown at a 4% rate or higher, which has not been seen for more than a decade. This means it is likely that home sales will grow in 2018. If you are one… Read More »

What is a Jumbo Loan Amount?

People who are shopping for a more expensive home, especially in a higher cost of living area, may consider a jumbo mortgage program. A jumbo loan is a type of mortgage where the amount is more than the conforming loan limits established by the FHA. So, unlike a conventional, conforming loan, it may not be… Read More »

7 Reasons to Apply for a USDA Mortgage Loan

Did you know there are USDA mortgage programs available for people home buying in rural areas in the United States? Maybe you feel more comfortable surrounded by open country more than pavement and neighbors. If that is the cases, then you may want to buy a home in the country and it may be time to… Read More »

First Time Home Buyer Loans with Bad Credit Scores

Your credit score is an important factor that mortgage lenders consider when you want to get a first time home loan with a poor credit history. But if you find that you have a lower score than you would like and want to buy a home, there is still hope for you, don’t worry. It… Read More »

Guide to Fix and Flip Home Loans

Starting a business to fix and flip home for a profit can be an excellent way to grow wealth in real estate. One of the biggest challenges for people starting in this business is to qualify for a fix and flip loan to get you started. It is easiest to get funding for fixing and… Read More »

Top Freddie Mac Loan Program for Home Buying and Refinancing

People who want to buy their own home have a variety of mortgage options available through Freddie Mac loan programs. Below is more information about the best Freddie Mac mortgage programs available for buyers and those who want to refinance. Freddie Mac mortgage rates continue to be competitively priced with housing affordability always being a… Read More »

Comparing Fannie Mae and FHA for First Time House Buyers

First time home buyers have many choices of mortgage loans available to them. Two of the most common are first time home mortgages that are backed by the Federal Housing Administration (FHA) and the Federal National Mortgage Association (Fannie Mae). Both of these entities offer attractive home loan programs with low down payments and reasonable… Read More »

When Is it Time to Purchase a Home?

Pros and Cons of House Buying and Renting It is a question that most people confront sooner or later: When is it time to purchase a home? Buying a home and renting both have their advantages and disadvantages. This article will take a close look at both sides of the rent vs. buy decision to… Read More »

Fannie Mae Home Path Loan Program Opportunities in 2019

Fannie Mae works closely with mortgage loan companies and other stakeholders in the real estate and finance industries to help home owners who have Fannie Mae loans to avoid a foreclosure. However, there are some situations where a foreclosure is unavoidable. When a foreclosure does occur, the goal of Fannie Mae is to sell the… Read More »

Co-Borrower Loan Requirements to Be Eligible for Home Mortgages

There are many potential home buyers in the US who may have difficulty getting a home loan in 2018 on their own. Experts recommend that they add a co-borrower to the mortgage application. With the co-borrower’s income, it may be more likely that you can get approved for a home loan. If you are considering… Read More »