Changes In FHA Guidelines For First Time Home Buyers
This article discusses the changes in FHA guidelines that are particularly relevant to first-time home buyers. The Federal Housing Administration…
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Freddie Mac HomeOne Mortgage Loan Program
In this blog, we will cover the Freddie Mac HomeOne Mortgage Loan Program. Fannie Mae and Freddie Mac are the…
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Purchase and Refinance Jumbo Loan Mortgage Options
This guide covers home purchase and refinance Jumbo loan mortgage loan options. There are traditional and non-qm jumbo loans for…
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What Factors Affect Mortgage Rates Pricing on Home Loans
Lenders base each borrower’s credit scores as well as other risk factors when determining mortgage rates. The higher the risk of a borrower, the higher the rate. It is best for each borrower to maximize their credit scores and other layered risks to get the best mortgage rates.
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Is This The Year of the Housing Bubble?
Rumors are flying about a possible housing bubble in the US. Are they based in fact, or is this wishful thinking on the part of frustrated would-be buyers?
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VA Loans Residual Income Guidelines
Lenders can offer 100% with no mortgage insurance at competitive low mortgage rates on VA loans due to the government guarantee against loss or foreclosure on VA loans. VA loans have no maximum debt-to-income ratio cap on VA loans.
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How to Avoid Delays in Mortgage Loan Closings
This guide covers how to avoid delays in mortgage loan closings. When homebuyers enter a real estate purchase contract, the…
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Commercial Real Estate Purchase Using FHA Financing
In this blog, we will cover and discuss commercial real estate purchase using FHA financing. In the following paragraphs, we…
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Bi-Weekly Mortgage Loan Payments Versus Monthly Payments
Transitioning from monthly to bi-weekly mortgage loan payments can be a strategic move for homeowners looking to expedite their mortgage…
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1099 And Self Employed Borrowers Mortgage Guidelines
More and more people are choosing self-employment or contract work as their source of income. This trend means that mortgage…
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Mortgage Case Scenarios of Borrowers With Bad Credit
This guide covers mortgage case scenarios of borrowers with bad credit and lower credit scores. If you have been following…
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Appraisal Issues During Home Buying and Mortgage Process
In this blog, we will discuss and cover appraisal issues during the home buying and mortgage process. The word “appraisal”…
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First Time Home Buyers | Home Mortgages | Home Purchase | Qualifying & Getting Pre-approved | Videos
Is Homeownership The Best Way To Build Wealth?
This blog will cover how to build wealth by owning versus renting a home. We will show you how quickly…
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Indiana Police Hiring Fired Chicago Cops Due to Vaccine
This guide covers Indiana police hiring fired Chicago cops. This breaking news was updated on March 23rd, 2024. Breaking News:…
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Non-QM Mortgage Lenders in Connecticut | Non-QM Loans
In this blog, we will cover and discuss qualifying with non-QM mortgage lenders in Connecticut for borrowers who cannot qualify…
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Bad Credit Mortgages | Charge Off Accounts | Collection Accounts | Credit Disputes | Credit Scores | Re-Establishing Credit | Videos
Common Credit Score Questions From First-Time Homebuyers
This guide covers common credit score questions from first-time homebuyers. What does a “good credit or good FICO” really mean…
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Auto Loans | High Debt To Income Ratio | Home Mortgages | Income And Employment | Qualifying & Getting Pre-approved | Videos
The Struggle of Car Loans During Mortgage Process
This guide cover the struggle of car loans during the mortgage process. Looking to buy a new car? Like most…
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Mortgage After Bankruptcy and Foreclosure | FHA Loans | NON-QM Loans | Qualifying & Getting Pre-approved | Videos
Mortgage After Short Sales in Chicago FAQ and Answers
This guide covers approved mortgage after short sale in Chicago FAQ and answers. Sonny Walton covers getting approved for a…
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Loan Estimate Versus Closing Disclosure Closing Costs
Closing costs on the Loan Estimate versus Closing Disclosure will most likely be different. The itemized closing costs on the…
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Bad Credit Mortgages | Income And Employment | Qualifying & Getting Pre-approved | Re-Establishing Credit | Videos
How To Buy a House With Bad Credit
This guide covers how to buy a house with bad credit. Many folks assume you cannot get a mortgage loan…
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FHA Loans With 500 FICO Credit Score
HUD, the parent of FHA, allows borrowers down to a 500 credit score to qualify for an FHA loan. However, for borrowers with under a 580 credit score, a 10% down payment is required.
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Mortgage Qualifying With Part-Time Income and Other Income
In this blog post, we’ll delve into Mortgage Qualifying With Part-Time Income and Other Income and explore lending guidelines regarding…
