Home Mortgage Tips

What Is A Mortgage Pre-Qualification?

What Is A Mortgage Pre-Qualification?

A mortgage pre-qualification is an initial estimate of what type of mortgage a borrower could get. It is limited, though, because it’s only based on what the borrower tells the lender, which might not be the same as what the lender finds out when it goes through a full process of analyzing the borrower and his credit.

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How Can I Get A Cash-Out Refinance Using An FHA Loan?
By February 26, 2014 0 Comments Read More →

How Can I Get A Cash-Out Refinance Using An FHA Loan?

While homeowners typically equate the FHA loan program with low-down payment mortgages, FHA refinances are also available.

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What  Are The Requirements To Sell A Home Using An FHA Loan?
By February 20, 2014 0 Comments Read More →

What Are The Requirements To Sell A Home Using An FHA Loan?

Before an owner can market a property to buyers that want to use a FHA loan, he will want to familiarize himself with the FHA’s standards. FHA won’t insure loans on just any property.

While their standards aren’t as stringent as they used to be, a home needs to be in relatively good condition to qualify for FHA financing.

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Can I Have A Co-Signer For My Mortgage Loan?
By February 12, 2014 0 Comments Read More →

Can I Have A Co-Signer For My Mortgage Loan?

Like credit cards or car loans, some mortgages allow borrowers to have co-signers on the loan with them, enhancing their application.

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3 Important Credit Considerations Before You Apply For A Mortgage
By February 11, 2014 0 Comments Read More →

3 Important Credit Considerations Before You Apply For A Mortgage

Before applying for a mortgage, borrowers need to build a plan for how they are going to manage their credit both going into the process and as they go through it.

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Face The Numbers, A Mortgage That Works For You
By January 2, 2014 0 Comments Read More →

Face The Numbers, A Mortgage That Works For You

Before taking out a mortgage to buy a home, it’s time to take a realistic survey of your finances so that you can determine your price range and what size of home you can comfortably afford.

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Get The Lowdown On Private Mortgage Insurance
By October 16, 2013 0 Comments Read More →

Get The Lowdown On Private Mortgage Insurance

You may have heard the term Private Mortgage Insurance when looking to finance real estate. What is PMI, and how do you know when you need to purchase it?

The answer can be hard to find among all the real estate jargon you’re hearing lately. Below is the short version of what you need to know.

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When Is It A Good Idea To Use A Home Equity Loan?
By October 8, 2013 0 Comments Read More →

When Is It A Good Idea To Use A Home Equity Loan?

A home equity loan is a type of loan that allows you to use the equity of your home as collateral. It is an option that home owners have available to them and that some people use to pay for major expenses such as home renovations, college education or medical bills.

These types of loans became popular in 1996 because they provided a way for consumers to circumvent their tax charges for that year, which eliminated the deductions on the interest for most consumer purchases.

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