Getting a loan for your investment property can be tricky but it doesn’t have to be impossible. Read our blog for a simple guide on how to get your investment loan. Obtaining a loan to invest in real estate isn’t too different from seeking a loan for a property you plan to live in. There
Should You Buy a House with a Poor Credit Score?
April 22, 2021 by
Sometimes, the universe just doesn’t line up with your goals and you end up with a poor credit history. However, what if you still want to buy a home? Is this still a possibility for you? Or, you can simply give up this dream and work on building up your financial situation? Well, to learn
Tips To Help You Find the Best Home Loan
July 31, 2019 by
Finding the best home mortgage meeting your needs probably isn’t the same as it is for your brother in-law, your water cooler buddy, or even the loan originator that your real estate agent recommends. The one your agent recommends is probably worth at least talking to but before you commit to a loan be sure
FHA bids to clarify mortgage origination rules
May 14, 2019 by
The Federal Housing Adminstration is trying to boost the mortgage industry by clarifying lending certification requirements in order to create more choices for borrowers, especially first-time buyers and those from ethnic minorities. The announcement comes at a time when the number of banks that participate in the FHA’s single-family mortgage insurance program is declining. HousingWire
FHA announces tougher underwriting standards for high-risk loans
March 27, 2019 by
New lending rules announced by the Federal Housing Administration this week could put as many as 50,000 mortgages a year in jeopardy, reports say. The FHA is the government body that insures mortgages for first-time buyers and also “high risk” borrowers with low credit scores and higher payments relative to their incomes. This week however,
Here’s where you can get help with your down payment
December 6, 2018 by
Surveys of first time buyers routinely show that saving for a down payment is one of the biggest hurdles on the way to homeownership. But those buyers may well misunderstand how much cash they actually need to save. “Paying 20 percent down is, quite frankly, a myth,” Karen Hoskins, vice president at NeighborWorks, told HouseLogic.
Survey: Most buyers seek financing before they start looking for a home
September 18, 2018 by
The majority of first time buyers will check to see if they can obtain financing as the first step they make, even before looking at potential listings, according to a new survey of 1,000 buyers by loanDepot and mellohome.
What Realtors Should Know About the USDA’s New Construction Loan Program
September 1, 2018 by
Last year, 612,000 newly constructed homes were sold in the U.S., while existing homes were sold at nearly nine times that amount (5.51 million)
Freddie Mac expands appraisal waiver to condo buyers
July 6, 2018 by
Condo buyers and refinancers could be eligible for a new program that allows them to bypass a traditional in-person appraisal with a faster automated process, Freddie Mac said last week.
Subprime loans are making a comeback under a new name
April 18, 2018 by
The subprime mortgage that were said to be responsible for the last housing crisis are making a comeback – but this time they’re being called “nonprime” loans
