If you haven’t heard about the changes to the Federal Housing Administration’s (FHA) credit score minimum, here’s some information on the recent reduction and how it may impact your home purchase.
Tag Archives: mortgages
March 29, 2016
March 9, 2016
If you’re in the market for a house and are wondering how your income will stack up against the rest of your expenses, here’s how to determine a home cost that’s reasonable for you.
February 24, 2016
If you haven’t heard of HARP refinancing and you’re a homeowner who’s looking for a lower interest rate, this may be the right solution to your payment woes. Instead of letting the opportunity blow by, here’s all you need to know before this option ends in 2016.
February 10, 2016
Traditionally, getting a mortgage requires you to have a level of income appropriate to the size of home that you’re buying. But for a lot of low-income and minority borrowers, a simple measure of one person’s income isn’t an accurate measure of whether or not that person can afford a home.
February 3, 2016
Buying a home isn’t cheap. But if you’re determined to become a homeowner, the FHA home loan program can help. This loan program, ideal for first-time buyers with low incomes, can help you to build your credit and make home ownership a reality.
January 13, 2016
If you’re in the market for a new home, you’ll most likely need a mortgage in order to afford it. But for some home buyers, getting a mortgage isn’t easy. Here are three factors that can influence the likelihood of approval on the second try.
January 6, 2016
How does a mortgage pre-approval work, and how can you make sure you won’t be declined when you apply? Here’s what you need to know.
December 30, 2015
Avoid these three mortgage-killing habits while your lender evaluates your loan and you’ll quickly find yourself holding the keys to your new home.
December 16, 2015
When you close on your mortgage, take these three steps and you’ll find that you’ll pay far less in closing fees than most buyers would.
December 9, 2015
So you’ve found the perfect home, the seller has accepted your offer, and now you’re just waiting for the mortgage to close before you wrap up the sale and take possession. It’s time for the closing meeting. But what does this meeting entail? And what do you need to prepare for it? Here’s what you need to know.