Deciding which mortgage option is right for you can be challenging. However, researching and learning what each type of loan offers can help borrowers make the best choice based on their financial … [Read more...]
What Type of Closing Costs Should You Expect to See When Buying or Refinancing a Home?
When you are purchasing or refinancing a home, there are certain closing costs that you should expect to see on your closing statement (HUD settlement statement). So that you are aware of these fees, … [Read more...]
Tips for Improving Your Credit Report
Several factors come into play when getting a mortgage and your credit report and FICO score is one of them. If homebuyers are having trouble obtaining a mortgage, it typically helps to improve your … [Read more...]
Mortgages for Investment Properties
Though buying an investment property and getting it on the market to produce an income has several parts, arranging for financing is often at the top of the list. An investment property mortgage with … [Read more...]
Tax Reform Expected to Boost Housing Demand
Thanks to recent tax reform, we are already experiencing a boost to the economy resulting in economic growth. According to a recent Fannie Mae Economic and Housing Outlook, increased business … [Read more...]
Home Prices Projected To Go Up – Now is a Good Time to Buy
If you are thinking about buying a home, now might be a good time to make a move. Home prices are expected to rise over the next year, so buying a home sooner than later might save money. Home Prices … [Read more...]
90 % of Mortgage Borrowers Prefer Person-To-Person Communication with Lenders
Whenever we make a major decision, we like to personally talk to the people who are most involved. So, it makes perfect sense that mortgage borrowers still prefer person-to-person communication with … [Read more...]
Down Payment is #1 Obstacle for Homebuyers
According to a recent study, the down payment is the biggest obstacle to buying a home. Two-thirds of U.S. renters believe that saving for a down payment is the biggest hurdle to buying a home, … [Read more...]
It’s Easier for Borrowers with Student Loans to get a Mortgage in 2017
Changes with Fannie Mae makes it easier for borrowers with student loans to get a mortgage. So in this video, Mary breaks down these changes, and explains how student loan debt is now calculated in … [Read more...]
Qualify for a Mortgage With a Higher Debt-To-Income Ratio in 2017
Fannie Mae made it easier to qualify for a mortgage by raising the debt-to-income ratio. Many people who may not have qualified for a home mortgage earlier this year may now qualify. Learn about … [Read more...]
