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This Article Is About What Is A Mortgage Pre-Approval And How Is It Issued What Is A Mortgage Pre-Approval And Are All Pre Approvals The Same? Homebuyers who are shopping for a home know what a mortgage pre-approval means. Buyers of new homes need a mortgage pre-approval letter in order to be able to shop…
This ARTICLE Is About Credit Card Balances Impacts Credit Scores High credit card balances impacts credit scores to qualify for FHA Loans. There are minimum credit score requirements to qualify for FHA Loans and other mortgage programs. For example, HUD requires a minimum 580 Credit Score to qualify for a 3.5% down payment home purchase…
This Article Is About Debt Versus Credit Scores During Mortgage Qualification There is a negative impact on debt versus credit scores. If you have credit cards with high credit balances, that will negatively impact your credit scores. The good news is that paying down credit card balances will boost credit scores. Here is the scoop…
This article covers DIY Tips For Homeowners On Home Improvements Good Morning world and happy Friday to all of you. I don’t know about you but I woke up this morning with an exceptionally high energy count knowing that today is going to be a great day. I’m currently at my daughter’s school doing some…
We make your dream of home ownership come true. whether you need a mortgage to buy your dream home, pull some cash from your property using a cash-out refinance, or lower your monthly payment, we are here to help. FHA Loans FHA loans are mortgages insured by the Federal Housing Administration. Best for first-time home…
This article covers options for homeowners on alternative to foreclosure when homeowners cannot afford mortgage payments: There are instances when homeowners go through extenuating circumstances and cannot afford mortgage payments. In this article, we will cover the following points: Reason for disruption of income due to economic environment and loss of income Protecting your home…
Borrowers should avoid these things during the mortgage process so their home loan closes on time. Certain things that may be innocent and unintentional could delay the clear to close. Delays in the clear to close by the mortgage underwriter will delay the closing of the home loan.
This article covers Credit Scores Versus Credit History Mortgage Guidelines The Importance Of Mortgage Guidelines On Credit Scores Versus Credit History One of the first questions mortgage loan borrowers ask mortgage lenders is what is the minimum credit scores to qualify for a home loan. There are minimum credit score requirements to qualify for particular…
This Article Is About FHA Mortgage After Bankruptcy Mortgage Guidelines Borrowers can qualify for FHA Mortgage After Bankruptcy. There are two types of bankruptcies and HUD, the parent of the Federal Housing Administration, has different requirements with regards to each type of bankruptcy and the waiting period Just waiting out the waiting period after bankruptcy…
This Article Is About Homeowners Who Bailed On Mortgage During Mortgage Collapse Residential home sales have been steadily increased and so have real estate prices. Investor demand has been increasing more so this year than in the past several years and so has consumer confidence in the housing market. Many previous homeowners who have walked…
This Article On Mistakes When Refinancing Mortgage To Be Avoided By Homeowners Avoiding These 5 Mistakes When Refinancing Home Loan The mortgage refinance process normally takes 30 to 45 days and for it to run smoothly in general with most lenders However, the average turnaround time at Gustan Cho Associates loans close in 21 days…
This Article Is About Tax Cut And Jobs Act And How It Affects Mortgage Guidelines Well, we all survived the first tax season with the new Tax Cut and Jobs Act. There are quite a few changes with the current tax law. The current Administration is attempting to fix loopholes with the tax system This…
This Article On Mortgage After Short Sale Guidelines For Home Purchase Previous homeowners who had a prior short sale can now qualify for a mortgage after a short sale as long as they have met the mandatory waiting period after a short sale. Many homeowners have requested a short sale from their current lender as…
This BLOG On How Difficult Is It To Qualify For FHA 203k Rehab Mortgage Was UPDATED And PUBLISHED On July 4th, 2020 The sea was rough that day my friend. Then George pulled the golf ball out of the whale’s blowhole, but where was Jerry Seinfeld? He was conveniently missing during all of this He…
This BLOG On Mortgage Rates On FHA 203k Loans Versus Traditional Mortgages Was PUBLISHED On July 1st, 2020 FHA 203k Loans is an acquisition and construction/renovation loan all combined in one loan. This type of loan is where a home buyer can purchase a fixer-upper or uninhabitable home that is in need of rehab with…
This ARTICLE On Reasons Real Estate Agents Wants You Pre-Approved Was PUBLISHED On March 17th, 2020 The Pre-Approval Stage Of The Mortgage Process Is The Most Important Part Of Your Home Buying Process: This Blog Shows The Reasons Real Estate Agents Wants You Pre-Approved There are reasons real estate agents want you pre-approved before showing…
This BLOG On California Home Buyer Down Payment Assistance Program Was UPDATED And PUBLISHED On February 23rd, 2020 Program Eligibility For California Home Buyer Down Payment Assistance Program: What is the California Home Buyer Down Payment Assistance Program? Down Payment Assistance program that is available to first time home buyers who are residents of the…
This BLOG On HUD Secretary Ben Carson To Leave After First Term To Private Sector Was PUBLISHED On March 6th, 2019 HUD Secretary Ben Carson announced that he will be leaving The United States Department of Housing and Urban Development. HUD is the parent of the Federal Housing Administration HUD is in charge of FHA….
In this blog, we will cover the mortgage balance of Utah Mayor Family Paid Off in Full by Charity. The Mortgage Balance Of Utah Mayor Family Paid Off in full. The Tunnel To Towers Foundation headed by Chief Executive Officer Frank Sillar was responsible for making this dream come true happen to the Taylor Family….
This BLOG On Are Mortgage Rates Heading Higher With Dow Soaring Was PUBLISHED On January 4th, 2019 The economy is hot. So is the housing markets. Both HUD and FHFA has increased loan limits for three years in a row due to rising housing prices. Mortgage Rates Heading Higher with Dow Soaring has not put…
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